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, or not at all. Situation Answer 111 TIT 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 $110,000 loss from the disposal of a machine. 4. On June 30, Year 2, the company determined the following information about its LIFO TU E 4. On June 30, Year 2, the company determined the following information about its LIFO inventory: Historical Cost Current replacement cost Net realizable value (NRV) Normal profit margin $100,000 82,000 90,000 5,000 . M 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. 6. On December 31, Year 2, the company paid interest of $9,000 on a 12% construction note with a face amount of $100,000. The note was 1 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 6. On December 31, Year 2, the company paid interest of $9,000 on a 12% 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