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Fashion, Inc. had a Retained Earnings balance of $17.000 at December 31, 2021. The company had an average income of $6.500 over the next 4 years, and an ending Retained Earings balance of $14,000 at December 31, 2025. What was the total amount of dividends pald over the last four years? Multiple Choice $30500 $28.250 $29000 $32.000 X2 issued calable bonds on January 1, 2021. The bonds pay interest annually on December 31 each year. X2's accountant has projected the following amortization schedule from Issuance until maturity: Interest Decrease in Carrying Date Cash Paid Expense Carrying Value Value 01/01/2821 $124,380 12/31/2021 $15,000 $14,384 $ 696 123,684 12/31/2022 15, eee 14,224 776 122,907 12/31/2823 15,889 14,134 866 122,042 12/31/2024 15,000 14,035 965 121,076 12/31/2025 15.ee 13,924 1,076 120,000 X2 buys back the bonds for $123,630 immediately after the interest payment on 12/312022 and retires them. What gain or loss, if any, would X2 record on this date? Multiple Choice $3,630 gain $22305 Charco purchased a franchise from Burger Master on January 1, 2021, for $240,000. The franchise agreement allows Charco to sell hamburgers and other related food items using the Burger Master name for a period of six years. Assuming Charco uses the straight line method, what is the amortization expense for the you ended December 31, 2021 Multiple Choice $28,000 $0 $40,000 $240,000

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