On November 1, 2021, Sunland Company places a new asset into service. The cost of the asset is $99500 with an estimated 10 year life and $11500 salvage value at the end of its useful life. What is the depreciation expense for 2022 i Sunland Company uses the straight-line method of depreciation O $4975 O $2200 O $8800 O $1467 Five thousand bonds with a face value of $2000 each, are sold at 109. The entry to record the Issuance is O Cash Bonds Payable 10900000 10900000 O Cash 10000000 900000 Premium on Bonds Payable Bonds Payable 10900000 10900000 O Cash Discount on Bonds Payable Bonds Payable 900000 10000000 10900000 O Cash Premium on Bonds Payable Bonds Payable 900000 10000000 Moss County Bank agrees to lend the Crane Company $515000 on January 1. Crane Company signs a $515000, 6%. 9-month note. What is the adjusting entry required if Crane Company prepares financial statements on June 302 15450 Interest Payable Interest Expense 15450 15450 Interest Expense Interest Payable 15450 15450 Interest Payable Cash 15450 15450 O Interest Expense Cash 15450