D Question 14 4 pts On January 1, 2030, Cinco Corporation issued $5,700,000, 10-year, 10% bonds at 98. Interest is payable annually on January 1. What journal entry will Cinco Corporation record on January 1, 2030? O DR: Cash $5,586,000 and Discount on Bonds Payable $114,000: CR: Bonds Payable $5.700,000 O DR: Cash $5,586,000: CR: Bonds Payable $5,586,000 O DR: Cash $5,700,000; CR: Bonds Payable $5,700,000 O DR: Cash $5,814,000; CR: Discount on Bonds Payable $114,000 and Bonds Payable $5,700,000 O DR: Cash $5,700,000 and Discount on Bonds Payable $114.000; CR: Bonds Payable $5,814,000 Question 12 4 pts On September 1, 2030, Tampa Company places a new asset into service. The cost of the asset is $215,000 with an estimated 5-year life and $25,000 salvage value at the end of its useful life. What is the depreciation expense for 2030 if Cottonwood Company uses the straight-line method of depreciation? $14,333 O $25,000 O $43,000 $12,667 $38,000 4 pts Question 10 Shane has the following inventory information. Date Transaction Number of Units and Cost July Beginning Inventory 26 units at $88 1 5 Purchases 115 units at $90 14 Sale 84 units 21 Purchases 63 units at $100 30 Sale 54 units Assuming that a perpetual inventory system is used, what is the cost of goods sold on a FIFO basis? . Hint: Cost of goods sold is the amount of inventory that has been sold. Calculate the amount (in $) of inventory that the company sold during July. $12.908 O $12.960 O $12,650 $12.144 $12368 Question 11 4 pts