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value: 3.00 points Refer to the information above. Assume that in its financial statements, Tilton Products uses straight- line depreciation and the half-year convention. Depreciation expense recognized on this machinery in 2009 and 2010 will be 0 $4,687 in 2009 and $6,875 in 2010. O $3,750 in 2009 and $7,500 in 2010. O $3,125 in 2009 and $6,250 in 2010. O $6,875 in 2009 and $3,438 in 2010. 7. value: 3.00 points Refer to the information above. Assume that in its financial statements, Tilton Products uses the 200%-declining-balance method and the half-year convention. Depreciation expense in 2009 and 2010 will be: O $6,875 in 2009 and $12,031 in 2010, O $13,750 in 2009 and $12,031 in 2010. O $13,750 in 2009 and $10,313 in 2010. O $6,875 in 2009 and $13,750 in 2010. On April 30, 2009, Tilton Products purchased machinery for $55,000. The useful life of this machinery is estimated at 8 years, with an $5,000 residual value. value: 18.00 points Mellilo Corporation issued $4,200,000 of 20-year, 9.5 percent bonds on July 1, 2013, at 98. Interest is due on June 30 and December 31 of each year, and all of the bonds in the issue mature on June 30, 2033. Mellilo's financial year ends on December 31. Prepare the following journal entries: a. Prepare the journal entry at July 1, 2013, to record the issuance of the bonds. (Omit the "S" sign in your response.) Debit Credit Date July 1, 2013 General Journal (Click to select) (Click to select) (Click to select) b. Prepare the journal entry at December 31, 2013, to pay interest and amortize the bond discount. (Omit the "$" sign in your response.) Debit credit Date Dec 31, 2013 General Journal (Click to select) (Click to select) (Click to select) c. Prepare the journal entry at June 30, 2033, to pay interest, amortize the bond discount, and retire the bonds at maturity. (Omit the "$" sign in your response.) Debit Credit Date General Journal June 30, 2033 (Click to select) (Click to select) (Click to select) June 30, 2033 (Click to select) (Click to select)