Kyle is entering high school and is determined to save money for college.Kyle feels he can save $2,500 each year for the next four years from his part-time job. If Kyle is able to invest at 6%,how much will he have when he starts college?

(Round your answer to the nearest dollar.)

Kyle will have $

when he starts college.

AND,

At December 31, MediTec Precision Instruments owes $58,000 on Accounts Payable, Salaries Payable of $13,000,and Income Tax Payable of $6,000.MediTec also has $280,000 of Bonds Payable that were issued at face value that require payment of a $20,000installment next year and the remainder in later years. The bonds payable require an annual interest payment of $3,000, and MediTec still owes this interest for the current year. Report MediTec's liabilities on its classified balance sheet on December 31,2018.

MediTec Precision Instruments
Balance Sheet (Partial)
December 31, 2018
	Liabilities