Question $9,000 $4,100 Argent Company bought equipment on January 1, 2020. for $97,000. The equipment is expected to remain in service for four years and to operate for 12,000 hours. At the end of the equipment's useful life. Argent estimates that its residual value will be $4,000. The equipment is estimated to operate for 2,500 hours in 2020, 4.000 hours in 2021, 3,500 hours in 2022, and 2,000 hours in 2023. Argent uses units-of-production method for depreciation. What is the net book value of the equipment at December 31, 2021? Accumulated Depreciation $1,300 Notes Payable Cash $5,400 Salaries Expense Common Stock $15,000 Sales Revenue Cost of Goods Sold $13,700 Uneamed Revenue Depreciation Expense $2,100 Utilities Expense Equipment $6,300 Tax Expense $25.000 $4,300 $1,500 o $46,625 $720 O $50,375 Interest Expense $400 o $42,625 o $54,375 Find the operating income for 2019. o $7,700 o $3,600 Question O $9,800 O $3,200 On January 1, 2020. Prestado Co. issued $1,000,000 of 14%, 10-year bonds payable, when the market interest rate is 9%. Determine whether Prestado issued the bonds at discount, premium, or face value. o Premium Question o Discount 1.. O Face value Find the book value of total assets on Dec. 31, 2019. O $31,300 o $54,300 Question o $16,800 o $43,600 The following are accounts from trial balance as of December 31, 2019. Accounts Payable $7,000 Land $9,500 Merchandise Accounts Receivable $3,200 $8,200 Inventory