Swifty Corporation traded machinery with a book value of $790250 and a fair value of $725000. It received in exchange from Blossom Company a machine with a fair value of $807000. Swifty also paid cash of $80700 in the exchange. Blossom's machine has a book value of $790250. What amount of gain or loss should Swifty recognize on the exchange (assuming lack of commercial substance? O $6525 loss O $65250 loss $80700 gain $-0- Coronado Industries is constructing a building Construction began on January 1 and was completed on December 31. Expenditures were $6350000 on March 1, $5250000 on June 1, and $8350000 on December 31. Coronado Industries borrowed $3220000 on January 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 3-year $6390000 note payable and an 11%, 4 year. $12250000 note payable. What amount of interest should be charged to expense? O $1052798 O $1986500 O $1439198 O $7829198