Your Company loaned of $24,000 to one of the company's employees on May 1. 2019. The one-year note carried a 5% rate of interest. All payments are made at maturity. How much interest would you record in the 2020 financials? $1,200 $ 400 $ 800 $ 600 $ 500 Your Corporation acquired real estate that contained land, building and equipment. The property cost $925,000. An appraisal of the property reported the following values: Land, $185,000; Building, $525,000 and Equipment, $350,000. What value will be recorded for the equipment? $350,000 $458,137 $305,424 $161,439 $301,780