Maggie Sharrer Company borrows $88,500 on September 1, 2010, from Sandwich State Bank by signing an $88,500, 12%, one-year note. What is the accrued interest at December 31, 2010? a. $2,655 b. $3,540. c. $4,425. d. $10,620 Andy Manion earns $14 per hour for a 40-hour week and $21 per hour for any overtime work. If Manion works 45 hours in a week, gross earnings are: a. $560. b. $630. c.$650. d. $665 Ben and Sam Jenkins formed a partnership. Ben con- tributed $8,000 cash and a used truck that originally cost $35,000 and had accumulated depreciation of $15,000. The truck's fair value was $16,000. Sam, a builder, contributed a new storage garage. His cost of construction was $40,000. The garage has a fair value of $55,000. What is the combined total capital that would be recorded on the partnership books for the two partners? (a) $79,000. (b) $60,000. (c) $75,000 (d) $90,000