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1. A company's depreciation expense is $15,000. Its beginning inventory balance is $134,000 and ending balance for the year is $145,000 respectively. What is the cash paid for depreciation:
2. On January 1, 2017, Surreal Manufacturing issued 680 bonds, each with a face value of $1,000, a stated interest rate of 3.50 percent paid annually on December 31, and a maturity date of December 31, 2019. On the issue date, the market interest rate was 4.00 percent, so the total proceeds from the bond issue were $670,567. Surreal uses the effective-interest bond amortization method.
Required:
Question 1. finish a bond amortization schedule. (Round your final answers to the nearest whole dollar.)
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