Your answer is corract.

On January $1,2025,$ Larkspur Corporation sold a building that cost $$274,360$ and that had accumulatad dapraciation of

$$105,010$ on the data of sale. Larkspur receivad as consideration a $$264,390$ non$-$interest$-$bearing nate due on January $1,2028.$

There was no establishsd exchange price for the building, and the nota had no raady markat. The pravailing rate of interast for a

nate of this type on January $1,2025,$ was $9\%.$ At what amount shauld the gain from the sale of the building be raportad? $($Round

factor values to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and final answer to $0$ decimal places, eg$.458,581.)$

The amaunt of gain should be reportad $

Attempts: $1$ of $5$ used

$($b$)$

Your anaver is incorract.

On January $1,2025,$ Larkpur Corporation purchased $312$ of the $$1,000$ face value, $9\%,10-$year bonds of Walters lnc$.$ The bonds

mature on January $1,2035,$ and pay interast annually baginning January $1,2026.$ Larkspur purchasad the bonds to yield $115.$

How much did Larkspur pay for the bonds? $($Round factor values to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and final answer to $0$ decimal places,

eg$.458,581$