Question 25 3.5 pts Notes Payable (4 minutes - 3.5 marks) On October 1, 2020, Finding Inner Peas is a local restaurant that borrows from TD Bank. The loan is in the form of a $78,870,7- month, 6% note. The note and the interest is payable at maturity. On December 31, 2020, Finding Inner Peas would credit cash for ___? Do not round intermediary answers, Round your final answer to the nearest dollar. Do not use $ signs in your final answer. Please use # of months to calculate interest (as your time factor), as opposed to # of days. Question 27 4 pts Depreciation - Double-Declining (8 minutes - 4 marks) Bad Buoys paid $190,941 to purchase equipment at the beginning of 2019. Bad Buoys estimated the useful life of the equipment to be 4 years or 198,376 units. The equipment will be considered fully amortized when the balance in the Accumulated Depreciation account reaches $173,227. The equipment produced 52,542 units in 2022. Calculate depreciation expense for 2022 under the double-declining/diminishing balance method. Do not round intermediary answers, Round your final answer to the nearest dollar. Do not use $ signs in your final answer. Question 28 4 pts Bonds (9 minutes - 4 marks) The Name's Bond is looking to raise cash to complete the development of their retail spy store at The Amazing Brentwood. The Name's Bond decides to issue a bond to finance the building of their store. The face value of the bond is $50,000,000, which is issued on January 1, 2021. The 6% bond pays interests annually and matures in 7 years. On January 1, 2021, bonds in the market had an interest rate of 9%. The company has decided to use the effective interest rate method. What is the price that the bond is issued at on January 1, 2021? Do not round intermediary answers. Round your final answer to the nearest dollar. Do not use $ signs in your final answer. Do not round PV factors (There's a copy of the PV tables at the end of this exam if you need it). Question 29 3.5 pts Impairment (5 minutes - 3.5 marks) Water U' Lookin At reviewed its plant assets for impairment. It discovered that one of its assets, a building had a cost of $5,013,530 and accumulated depreciation of $2,623,761. It determined that its carryinget book value exceeded the recoverable amount by $52,869. Following the impairment, what would the building be recognized at on the company's balance sheet (.e. the net property, plant, and equipment)? Please do not round intermediary answers. Round your final answer to the nearest dollar. Do not use $ signs in your final