Question 2: Attooh Company borrowed $14,000 on a one-year, 8 percent note payable from the local bank on April 1. Interest was paid quarterly, and the note was repaid one year from the time the money was borrowed. Calculate the amount of cash payments Attooh was required to make in each of the two calendar years that were affected by the note payable. Question 3: State whether the below is an asset, liability, stockholders' equity, revenue, or expense A. Cash (received from the issuance of capital stock). B. Organization Costs. C. Preferred Stock. D. Retained Earnings. E. Additional Paid-in Capital. F. Income Taxes Payable. Question 4: 4.1. Define Earnings per share, explain what Earnings per share tell you and why is it important to look at earnings per share? And What is the ratio (Formula) for earning per share? Question 5: Define and explain straight line depreciation and define and explain the double declining depreciation method. Question 6: BlueSky, purchased a building for $600,000. Straight-line depreciation was used for each of the first two years using the following assumptions: 25-year estimated useful life, with a residual value of $100,000 6.1.Calculate the annual depreciation for the first two years that BlueSky owned the building. (Only do the straight line depreciation method here). Question 7: Enter the following transactions in the two-column journal provided for DWR. You may omit explanations. Mar 3 Purchased auto cleaning supplies from Rupert Suppliers for $750 on account. Mar. 5 Collected an account receivable of $525 from a customer, Sleek Kitchens. Mar 6 Paid $275 in partial payment of an account payable to Builders for equipment purchased in February. Mar 8 Issued capital stock in exchange for $5,600 cash. Mar 10 Purchased office equipment from PNA for $3,700; paid $1,700 cash and issued a note payable due in 90 days for the balance.