The balance sheet of Longbottom Corporation report net fixed assets of $354,000 at the end of 2021. The fixed-asset turnover ratio for 2021 was 5.0, and sales for the year totaled $1,500,000. What were net fixed assets at the end of 2020? Multiple Choice $300,000. None of these answer choices are correct. $246,000. $192,000. Alicia Spinnet acquires a broom by issuing a noninterest-bearing note payable for $6,000 due in three years. Which of the following statements most likely is correct? Multiple Choice No interest expense will be reported over the three-year note. O All of the other answer choices are correct. The fair value of the broom is less than $6,000. O The total amount paid for the asset will be less than $6,000