Problem 6-1 Answer each of these unrelated questions. Click here to view factor tables On January 1, 2017, Pharoah Corporation sold a building that cost $266,270 and that had accumulated depreciation of $109,830 on the date of sale. Pharoah received as consideration a $256,270 non-interest-bearing note due on January 1, 2020. There was no established exchange price for the building, and the note had no ready market. The prevailing rate of interest for a note of this type on January 1, 2017, was 9%. At what amount should the gain from the sale of the building be reported? (Round factor values to 5 decimal places e.g. 1.25124 and final answer to o decimal places, e.. 458,581.) The amount of gain should be reported $ On January 1, 2017, Pharoah Corporation purchased 331 of the $1,000 face value, 9%, 10-year bonds of Walters Inc. The bonds mature on January 1, 2027, and pay interest annually beginning January 1, 2018. Pharoah purchased the bonds to yield 11%. How much did Pharoah pay for the bonds? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to o decimal places, e.g. 458,581.) Pharoah must pay for the bonds $ Pharoah Corporation bought a new machine and agreed to pay for it in equal annual installments of $5,610 at the end of each of the next 10 years. Assuming that a prevailing interest rate of 6% applies to this contract, how much should Pharoah record as the cost of the machine? (Round factor values to 5 decimal places, e.o. 1.25124 and final answer to o decimal places, e.g. 458,581.) Cost of the machine to be recorded $ Pharoah Corporation purchased a special tractor on December 31, 2017. The purchase agreement stipulated that Pharoah should pay $21,390 at the time of purchase and $4,780 at the end of each of the next 8 years. The tractor should be recorded on December 31, 2017, at what amount, assuming an appropriate interest rate of 12%? (Round factor values to 5 decimal places, c.0. 1.25124 and final answer to decimal places, e.. 458,581.) Cost of tractor to be recorded Pharoah Corporation wants to withdraw $108,620 (including principal) from an investment fund at the end of each year for 9 years. What should be the required initial investment at the beginning of the first year if the fund earns 11% (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to decimal places, c. 458.581.) Required initial investment Click if you would like to show Work for this question: Open Show Work