Question 1 (3 points) Hawks News Inc. sells a monthly magazine called "The Hawk" Hawks News Inc. has chosen a December 31 fiscal year end and began operations in 2020. During the year ended December 31, 2020 Hawks News Inc. received customer subscription payments as follows: Subscriptions for the period October 2020-September 2021 $ 3030 Subscriptions for the period November 2020-October 2021 $ 7620 Subscriptions for the period December 2020-November 2021 $ 6810 Hawks News Inc. delivered the magazine subscriptions for October, November and December. Calculate the amount of unearned subscriptions revenue at December 31, 2020. Round your answer to the nearest dollar. Question 2 Hawks Delivery Inc. purchased a van to deliver goods. The vendor offered Hawks Delivery Inc, financing terms that required Hawks Delivery Inc. to make 4 equal payments of $ 7000 at the end of each year. The current interest rate for Hawks Delivery Inc. is 8 %. How much would Hawks Delivery Inc. record as the initial purchase price of the van? Round your answer to the nearest dollar. | Hint: Please review chapter 9 if you had difficulty with this question. Learning Objective (LO) 9-S2 and LO 9-53 of the textbook may be helpful. Present value of annuity = Payment * [1 -(1 + i)^(-n)]/i The present value is represented by initial purchase price of the van. The interest rate per period is represented by "i". The number of periods is represented by "n". Since payments are required annually, the interest rate per period is equal to the quoted interest rate and the number of periods is equal to the number of years. To answer this question, you must solve for the present value of the required payments. Question 3 (1 point) Saved Bonds that the issuer can by back at the issuer's option are called Premium bonds O Redeemable bonds Retractable bonds Indentures On January 1, year 1, ABC. Corp. issued bonds as follows: Face value $790000 Stated (or coupon) annual rate of interest 3 % Coupon is paid once annually. Market annual rate of interest 2 % Term in years 10 How much did the bond sell for? Round your answer to the nearest dollar