Scroll down to complete all parts of this task. Company A is a publicly traded company that reports interim financial statements on a quarterly basis. Select from the option list provided when the loss or expense (if any) for each of the following independent situations that occurred during Year 2 should be reported in the company's Year 2 interim income statements. Each choice may be used once, more than once, oc not at all. Situation Answer 1. On May 1 Year 2, the company incurred an unusual material loss of $30,000 on expropriation of assets. 2. On April 1. Year 2, the company paid $60,000 in property taxes on its plant for the current calendar year 3. On December 1, Year 2, the company incurred a 5110,000 loss from the disposal of a machine. m E 4.On June 30, Year 2, the company determined the following information about its LIFO inventory: Historical Cost $100.000 Current replacement cost 82,000 Net realizable value (NRV) 90,000 Normal profit margin 5,000 The company expects that at the end of Year 2, the inventory's NRV reduced by a normal profit margin will be at least $100,000, 5. On April 1. the company paid a flood insurance premium of $20,000 for the current calendar year 0 6. On December 31, Year 2, the company paid interest of $9,000 on a 129 construction note with a face amount of $100,000. The note was issued on January 1. Year 2, to finance the internal construction of the company's new headquarters. The construction of the headquarters was started during Year 1 and completed during Year 4. Select an option below O Not recognized in income statement O In the second quarter only O In the fourth quarter only Ratably over all four quarters of the year Y m CANCEL ACCEPT