Crane Company purchased machinery with a list price of $92000. They were given a 8% discount by the manufacturer. They pald $600 for shipping and sales tax of $4100. Crane estimates that the machinery will have a useful life of 10 years and a residual value of $30000. 1 Crane uses straight-line depreciation, annual depreciation will be O $5464 O $5934 O $8934 O 55892 Whispering Winds Corp, is authorized to issue 13000 shares of 9%, $100 par value preferred stock and 490000 shares of no-par common stock with a stated value of $1 per share. If Whispering issues 6000 shares of preferred stock for land with an asking price of $840000 and a market value of $690000, which of the following would be the best journal entry for Whispering to record? 690000 O Land Preferred Stock 690000 O Land 600000 Preferred Stock 600000 O Land 840000 Preferred Stock 600000 Paid-in Capital in Excess of Par Preferred 240000 O Land 690000 Preferred Stock 600000 Pald-in Capital in Excess of Par 90000 Preferred Splish Brothers inc recorded a loss of $10000 when it sold a van that originally cost $80000 for $14300. Accumulated depreciation on the van must have been O $24300 O $70000 O $55700 O $75700