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On September 1. Year 1, Able Campany purchased a buiding from Riegal Corporasion by paying $200.000 cash and assuing a one year note payable for

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On September 1. Year 1, Able Campany purchased a buiding from Riegal Corporasion by paying $200.000 cash and assuing a one year note payable for the balance of the purchase price interest on the note is stated at an anvual rate of 9% and is paid at maturty in as December 31 , Year 1 , bolance sheet, Able correctly preserted the note and interest poyable as follows: Interest payoble Notes payable, 9%, due Septenber 1 , Year 2 513,000 5600,000 What is the total cesh (inclusting interest) paid for the bulding purchased by Able? Mievol choice 405000 SEsucop 30 10006 Gminn

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