Your firm invests in a 4-year, 6% annual coupon bond with a face value of $60,000. The market interest rate for the bond is 8%. What is the amount of revenue recorded in Year 1 if the firm treats the bond as a held-to-maturity security? O $4,482 O $3,600 O None are correct O $3,362 O $3,000On March 31, 2021, Kyiv Industries acquired a 30% stake in Est Enterprises for $400,000. Kyiv Industries has significant influence but no control and correctly accounts for the investment using the equity method. What is the balance of Kyiv's investment in Est at 12/31/2021? Kyiv Est Net Income for the year $1,250,000 $450,000 2021 Dividends Paid (on $200,000 $100,000 10/1/2021) O $478,250 O $400,000 $471.250 O $535,000 O $505,000On January 1, 2019, LBC Corporation received a patent with a 20-year legal life. On January 1, 2021, Dre Corporation purchased the patent from LBC for $120,000. What is the book value of the patent on December 31, 2022? O $133,333 O $106,667 O $114,000 O $108,000 O $120,000At 12/31/2021, a firm reports the following balances. The firm prepares a goodwill impairment analysis for Division 1. What amount, if any, of impairment is recorded? Division 1: Non-Goodwill Assets 600,000 Goodwill 200,000 Liabilities 300,000 Fair Value of the $400,000 division $0 O $400,000 $300,000 $200,000 $100,000Sun Prairie Enterprises purchases a debt investment and classifies the debt security as available-for- sale. Fair Value of Investment: July 1, 2020 (purchase) $142,000 December 31, 2020 $140,000 February 28, 2021 (sale) $144,000 Assume Sun Prairie Enterprises updates the value of investments on December 31 each year and before the sale of the security. What effect does the change in the fair value of the security have on net income in 2020 and 2021? O 2020: -$2,000 2021: $2,000 O 2020: -$2,000 2021: $6,000 O 2020: $0 2021: $4,000 O 2020: $0 2021: $2.000 O 2020: -$2,000 2021: $4,000Over what period would you amortize the following intangible assets? Asset A: A patent was purchased. Original legal life is 20 years. There are 16 years remaining of the legal life. The firm that purchased the patent believes the useful life of the patent to be 8 years. Asset B: A firm purchases a trademark. The trademark has 6 years of legal protection remaining. The firm can extend the legal life of the trademark if it is still in use. Management plans to do so. O None are correct O Asset A: 16 years Asset B: Indefinite O Asset A: 8 years Asset B: 6 years O Asset A: 16 years Asset B: 6 years O Asset A: 8 years Asset B: Indefinite