..On TOMIOKA's special order segment, what amount should TOMIOKA report as customer advances in its December 31. 2021 statement of financial position? * TOMIOKA Corp. sells contracts agreeing to service machinery for a three-year period. information for the year ended December 31, 2021 is as follows: Uneamed serw'ce contracts revenue. beginning 270.000 Cash receipts from contracts sold 480,000 Service contracts revenue recognized in prot or loss 390.000 In its separate segment, TOMiOKA Corp. requires advance payments with special orders for machinery constnicted to customer specications. These advances are refundable. Data for 2021 are: Customer advances, beginning 5,800,000 Advances received with orders 12.000.000 Advances applied to orders shipped 10,700,000 Advances applicable to orders cancelled 2,500,000 8. 2,000,000 b. 2,500,000 c. 4,600,000 d. 7,100,000 What amount should be reported as interest expense for 2022'? * TENGEN Inc. leased equipment for the entire nine-year useful life, agreeing to pay P1,000,000 at the start of the lease term on January 1. 2021. and P1.000,000 annually on each January 1 for the next eight years. The first payment was made on January 1. 2021. The present value on January 1, 2021 of the nine lease payments over the lease term using the rate implicit in the lease which the lessor knows to be 10% was P6.330,000. The January 1. 2021 present value of the lease payments using the incremental borrowing rate of 12% was P5370000. The entity made a timely second lease payment. a. 434,930 b. 486,300 C. 533,000 d. NIL