On January 1, 2014, $837,000, 5-year, 10% bonds, were issued for $811,890. Interest is paid semiannually on January 1 and July 1. If the issuing corporation uses the straight-line method to amortize discount on bonds payable, what is the semiannual amortization amount?

Select the correct answer.

$2,511

$5,022

$41,850 25110

A building with a book value of $35,294 is sold for $57,007 cash Using the indirect method, choose how this transaction should be shown on the statement of cash flows.

Select the correct answer.

an increase of $57,007 from investing activities

an increase of $57,007 from investing activities and a deduction from net income of $21,713

an increase of $35,294 from investing activities

an increase of $35,294 from investing activities and an addition to net income of $21,713