On October 1, 2021. Waterway Company places a new asset into service. The cost of the asset is $122000 with an estimated 5-year life and $27000 salvage value at the end of its useful life. What is the depreciation expense for 2021 if Waterway Company uses the straight-line method of depreciation? O $4750 $24400 $12200 O $6100 Waterway Company received proceeds of $205530 on 10-year, 7% bonds issued on January 1, 2021. The bonds had a face value o $221000, pay interest annually on January 1, and have a call price of 103. Waterway uses the straight-line method of amortization What is the amount of interest Waterway must pay the bondholders on January 1, 2022? $14307 $15470 $16670 $13923 Revenues would not result from O rental of property issuance of common stock. performance of services, O sale of merchandise. The contractual interest rate is always stated as an) O semiannual rate. O annual rate, O monthly rate O daily rate