QUESTION 7 5 points Jane's Jelly indudes coupons with each jar of jelly sold to purchase "ane's Special jelly Knife for 52.00. The knife costs Jane 51.25. The coupons have no expiration date and, in Jane's experience, 30% of them are redeemed. The Hability for unredeemed premiums at December 31, 2020 was $2,000. During 2021, jane sold 50.000 jars of jelly and coupons to purchase 8.000 knives were redecerned. The premium liability of December 31, 2021 that should a dappear on jane's jelys balance sheet is QUESTION points On January 1, 2021, Borgan sold property to Roberts which originally cost Bogan $3.000.000. The property had a net book value of $1,850,000 on December 31, 2020. There was no established exchange price for this property.in exchange for the property, Roberts gave Boggan a $4.500.000 zero-interest-bearing note, payable in three equal annual installments of $1,500,000, with the first paymeft due on December 31, 2021. The prevailing rate of interest for a note of this type is 7. The amount of interest income that should be recognized by Boggan in 2022, using the effective interest method is