Use the following information about Bueno Corporation to answer the next two questions.

On April 3, 2020, Bueno Corporation purchases 400 shares of Costco Wholesale Corporation stock for $289 per share and classifies the investment as TRADING. On April 30, 2020, Costco stock is trading at $303 per share, and on May 31, 2020, Costco stock is trading at $302 per share.

3. The Investment in Costco Wholesale will be shown on Bueno Corporations April 30, 2020 Balance Sheets for: a. $115,600 b. $120,800 c. $121,200 d. $128,800

4. The Unrealized Gain or Unrealized Loss on this trading investment will be shown on Bueno Corporations April 2020 Income Statement for: a. $400 unrealized loss b. $5,200 unrealized loss c. $5,600 unrealized gain d. $13,200 unrealized gain

5. Trading securities are valued on the balance sheet at: a. market value. b. lower of cost or market. c. cost. d. cost, adjusted for the effects of interest.

6. BIG Corporation purchases new equipment for $2,800,000 on January 1, 2020. BIG estimates that the equipment has a $120,000 residual value and a useful life of 10 years. BIG uses the straight-line method to record depreciation. Assume that on January 1, 2022, after 2 years, BIG realizes that the equipment remaining useful life is 5 years and a residual value is $160,000. A depreciation schedule would show ________ depreciation expense for 2022. a. $528,000 b. $420,800 c. $300,571 d. $268,000 e. $263,000