noto 7. Faust Incorporated accepted a $10,000, account receivable. Faust, Incorporated 000. 120-day note dated March 3 at 8/2% to settle a past-due ted discounted the note to raise cash on May 10 at a discounted Faust, Incorporated receive? Use ordinary interest Incorporated rate of 9%. What proceeds did a machine for $86,000. Its estimated life is 10 years with a residual value method, what's the book value of the machine at the end of Year2 for $86,0 8 A printing company bought Mexican food truck's total sales, including a 5% tax, were $23152.81. Calculate: (a) Actual sales b) Sales tax liability 9. A 10. Gideon insured his tapas restaurant with a fire insurance policy of $90,000 at a cost of $0.58 per $100. Eight months later, his insurance company canceled the policy because of failure to correct a fire hazard. What did Gideon have to pay for the eight months of coverage