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Randall, Inc. purchased land to build an office. In the first quarter, the following amounts were incurred: Acquisition of land $140,000 Architectural Fee 15,300 Lawn sprinkler system 12,300 Building permits 3,500 Surveys and legal fees 2,600 Land clearing 11,300 Contractor charges for building 150,000 Fencing 8,500 Material and labor cost for building 510,000 1,300 Parking lot 2,800 Install lighting an Question Viewer O A. $567,600 OB. $678,800 C. $675,300 D. $695,500 Refer to the following list of liability balances at December 31, 2024. Accounts Payable Employee Health Insurance Payable Employee Income Tax Payable Estimated Warranty Payable (Due 2025) Long-Term Notes Payable (Due 2028) FICA-OASDI Taxes Payable Sales Tax Payable Mortgage Payable (Due 2029) Bonds Payable (Due 2030) Current Portion of Long-Term Notes Payable $25,000 1,450 800 1,100 42,000 1,060 770 16,000 54,000 10,500 O A. $28,280 OB. $40,680 O C. $29,380 OD. $30,180 On July 1, 2025, Montana Company has bonds with balances as shown below. Bonds Payable 67,000 Discount on Bonds Payable 3,800 If the company retires the bonds for $69,150, what will be the effect on the income statement? O A. sales revenue of $63,200 B. gain on retirement of $5,950 c. no effect on net income OD. loss on retirement of $5,950 5% John needs $130,000 in six years. If John can invest at 5%, how much will he invest now in order to have $130,000 in six years? Present value of $1: 6% 7% 8% 9% 3 0.864 0.840 0.816 0.794 0.772 4 0.823 0.792 0.763 0.735 0.708 5 0.784 0.747 0.713 0.681 0.650 6 0.746 0.705 0.666 0.630 0.596 7 0.711 0.665 0.623 0.583 0.547 O A. $91,650 B. $96,980 OC. $101.920 D. $92,430

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