Question 2 Not complete Marked out of 1.00 Wiley Corp. offers a 3 year warranty. They expect the warranty costs to be 2% of the selling price in the 1st year, 3% in the second and third year. Sales in year 1 = $5574484 and warranty costs incurred =$99963. What is the balance in the warranty liability account? P Flag question Select one: O a. $ 99963 O b. $ 345996 O c. $ 401741 O d. $ 445959 Check Question 3 Not complete Marked out of 1.00 On February 28, 20x0, you borrow $657317 from a bank. The interest of 5% is payable annually each February 28th. The company has a December 31 year-end. The principal on the loan will be repaid in two payments of 328658.5 on February 28, 20x1 and February 28, 20x2. What is the interest expense on the loan at December 31, 20x1 (assuming the correct entry was made on February 28, 20x1)? P Flag question Select one: O a. $ 16433 O b. $ 27388 O c. $ 328658 O d. $ 13694 Check Question 4 Not complete Marked out of 1.00 On September 1, 20x1, Getz Inc. issued a note payable to City Bank in the amount of $220203, bearing interest at 11% per annum, and payable in 3 equal annual principal payments of $73401, plus interest. The first payment for interest and principal was made on September 1, 20x2. What amount of accrued interest payable should Getz record at December 31, 20x2? P Flag question Select one: O a. $8074 O b. $6056 O c. $5383 O d. $4037 Check Question 5 Not complete Marked out of 1.00 P Flag question Cardin Ltd. has $3462979 in long-term debt outstanding, which it expects to repay evenly over the next 6 years. How will this be shown on the year-end balance sheet? Select one: a. Long-term debt: $3462979 O b. Accounts payable: $577163, Long-term debt: $2885816 O c. Current portion of long-term debt: $1154326, Long-term debt: $2308653 O d. Current portion of long-term debt: $577163, Long-term debt: $2885816 Check