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Question 5 (0.5 points) Crafty Inc. borrowed $10,000 with a five-year 10.43% annual interest rate on 3/1/20X1. On their year-end financial statements dated 12/31/20X1, what

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Question 5 (0.5 points) Crafty Inc. borrowed $10,000 with a five-year 10.43% annual interest rate on 3/1/20X1. On their year-end financial statements dated 12/31/20X1, what amount should be reflected for interest expense? Input your response rounded to a whole number, without commas and without dollar signs. Your Answer: Answer Question 6 (0.5 points) Clarist Inc. issued 10,000 shares of $3 par common stock at $13.25 per share at the start of the year. In the last month of the year, they bought back 100 common shares to use as holiday bonuses paying $21.10 per share for the repurchased shares. Retained earnings at year end is $37,000. There are no preferred shares. What is the total equity at year end? Respond rounded to whole dollars, without a dollar sign and without commas. Your

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