QUESTION 42 On December 31, 2018, Mandy Services issued a 5% long-term notes payable for $20,000. It is payable over a 4-year term in $5,000 principal installments on December 31 of each year, beginning December 31, 2019. Each yearly installment will include both principal repayment of $5,000 and interest payment for the preceding one-year period. What is the amount of total cash payment that Mandy will make on December 31, 2020? $5,750 $5,250 $6,000 $5,500 QUESTION 43 Routing Solutions paid $110,000 to acquire Tabletz, Inc., an electronic gadget-advertising website. At the time of the acquisition, the market value of Tabletz's assets was $200,000 and the market value of its liabilities was $147,500. How much goodwill did Routing Solutions purchase as part of the acquisition of Tabletz? $57,500 $52,500 $110.000 $62,500