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Question 6 (5 points) On January 1, 2021, Baltimore Company issued $300,000 face value, 5%, 10-year bonds at 105. Baltimore uses the straight-line method for amortization. Use information to determine the dollar value of the annual bond premium amortizati Round your answer to the nearest whole number (no cents). Your Answer Answer Question 7 (5 points) The following financial information is for Chesapeake Corporation are for the fiscal years ending 2020 & 2019 (all balances are normal); Item/Account 2020 2019 Cash 37,000 $24,000 Accounts Receivable 57,000 52:000 Inventory 53,000 48,000 Current Liabilities 79 000 42:000 Net Sales (all credit) 550,000 485,000 Cost of Goods Sold 288,000 265,000 Use this information to determine the number of current ratio as of December 31 2020: (Round & enter your answers to one decimal place and enter the value.) Your Answers