Question 9 (2 points) Ambiguous Lenders Inc. issued a 21%, $5,000, six-month note to one of its borrowers. Assuming that the note was issued and collected within the same fiscal year, how much interest income should Ambiguous recognize on its income statement? $1,050 $105 $5,525 $525 Question 8 (2 points) Florida Ltd's inventory balance at December 31, 2021 was $420,000 before any necessary year-end adjustments. The following information was received on January 5, 2022: Goods were in transit from a vendor to Florida on December 31. The invoice price was $45,000, and the goods were shipped FOB shipping point on December 29, 2021. The goods were received on January 4, 2022. Goods were in transit to a customer of Florida's on December 31. The invoice price was $28,000, and the goods were shipped FOB destination. The goods arrived at the customer's warehouse on January 3, 2022. The revenue and inventory entries were recorded on December 28. Consignment inventory from Peter Ltd., valued at $8,000, was included in the December 31 inventory balance. At December 31, 2021, what amount should Florida report as inventory? $367,000 $457,000 $485,000 $473,000