Exercise 6-17 * Your answer is incorrect. Try again. Your client, Keith Bonita Leasing Company, is preparing a contract to lease a machine to Souvenirs Corporation for a period of 28 years. Bonita has an investment cost of $421,800 in the machine, which has a useful life of 28 years and no salvage value at the end of that time. Your client is interested in earning an 11% return on its investment and has agreed to accept 28 equal rental payments at the end of each of the next 28 years. Click here to view factor tables You are requested to provide Bonita with the amount of each of the 28 rental payments that will yield an 11% return on investment. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Amount of each rental payments Problem 6-01 Answer each of these unrelated questions. Click here to view factor tables * Your answer is incorrect. Try again. On January 1, 2020, Indigo Corporation sold a building that cost $272,980 and that had accumulated depreciation of $108,410 on the date of sale. Indigo received as consideration a $262,980 non-interest-bearing note due on January 1, 2023. There was no established exchange price for the building, and the note had no ready market. The prevailing rate of interest for a note of this type on January 1, 2020, was 15%. At what amount should the gain from the sale of the building be reported? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) The amount of gain should be reported Your answer is incorrect. Try again. On January 1, 2020, Indigo Corporation purchased 331 of the $1,000 face value, 15%, 10-year bonds of Walters Inc. The bonds mature on January 1, 2030, and pay interest annually beginning January 1, 2021. Indigo purchased the bonds to yield 11%. How much did Indigo pay for the bonds? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Indigo must pay for the bonds