Q 1 3 On January 1, 2021, Sol Co. issued $1,500,000 of 11%, 4-year bonds payable, when the market interest rate is 14%. The bonds pay interest semiannually. Use present value factor tables below for the calculations. Present value of 1 4% 5% 6% 7% 8% 10% 14% 16% 4 0.855 0.823 0.792 0.763 0.735 0.683 0.592 0.552 8 0.731 0.677 0.627 0.582 0.540 0.467 0.351 0.305 Present value of an ordinary annuity of 1 4% 5% 6% 7% 8% 10% 14% 16% 4 3.630 3.546 3.465 3.387 3.312 3.170 2.914 2.798 8 6.733 6.463 6.210 5.971 5.747 5.335 4.639 4.344 What is the present value of the bonds at issuance? Round to the nearest dollars. $1,365,608 $1,375,608 $1,385,608 $1,395,608 1 points QUESTION 2 2. What is the interest expense recognized on June 30, 2021? Round to the nearest dollars. $91,593 $93,593 $95,593 $97,593 1 points QUESTION 3 3. What is the carrying amount of the bonds payable on Dec. 31, 2021? Round to the nearest dollars. $1,382,709 $1,392,709 $1,402,709 $1,412,709 1 points QUESTION 4 Q 4 5 Juarez Corp. had the following stockholders equity accounts on Jan 1, 2021: Common stock ($1.50 par, 700,000 shares issued and outstanding) $1,050,000 Paid-In Capital in Excess of Par Common $3,850,000 Retained earnings $230,000 During 2021, the company had the following stock transactions. Feb 3 Issued 20,000 shares of common stock for $9.50 per share May 3 Purchased 1,400 shares for $8 per share Aug 3 Sold 500 shares for $9 per share Nov 3 Sold 400 shares for $6.50 per share Juarezs 2021 net income totaled $74,000. Neither cash dividend nor stock dividend was declared during 2021. 4. What is the number of outstanding common shares as of December 31, 2021? 719,000 719,500 720,000 720,500 1 points QUESTION 5 5. Which is not correct about the book value of stockholders equity accounts as of December 31, 2021? Common stock: $1,080,000 Paid-In Capital in Excess of Par Common: $4,010,000 Retained earnings: $304,000 Treasury stock: ($4,000) 1 points QUESTION 6 6. Generous Corporation was organized on January 1, 2020. During 2020, the corporation issued 300 shares of 5%, $20 par value cumulative preferred stock and 28,000 shares of $1 par value common stock. Generous did not declare any dividends in 2020. During 2021, the company declared and paid $2,000 cash dividends. What amount of cash dividends did the common stockholders receive per share in 2021? $0 $0.05 $0.10 $0.15.

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