McDougal Company sold a $500,000, 5-year, 9% APR bond issued on January 1, 2020. The bonds pay interest semiannually on June 30 and December 31. The effective rate is 10% APR. What was the selling price of the bonds at January 1, 2020? O $477,707 $480,695 $483,847 O $483,770 Question 20 4 pts ABC Inc. reports its inventory on a lower of cost or net realizable value basis. Inventory balances as follows are applicable at the end of 2019: Total Ending Inventory @ FIFO cost $ 153,000 Current replacement cost of inventory 156,000 Estimated net realizable value of inventory 152,000 Normal profit margin in inventory 10,000 ABC should report its 2019 ending inventory balance as: O $152,000 $153,000 O $156,000 O $142,000