Please Answer both questions

An asset that costs $29,000 and has accumulated depreciation of $10,800 is sold for $16,200. What amount of gain or loss will be recognized when the asset is sold? 10 Multiple Choice eBook A gain of $12,800. A gain of $2,000 A loss of $12,800. A loss of $2,000. 11 On November 1, Year 1, Noble Company borrowed $64,000 from South Bank and signed a 12%, six-month note payable, all due at maturity. The interest on this loan is stated separately. How much must Noble pay South Bank on May 1, Year 2, when the note matures? eBook Multiple Choice $67,840. $71,680. $65,920. o $64,000