Answer each of these unrelated questions.

(a) On January 1, 2015, Yang Corporation sold a building that cost ¥25,000,000 and that had accumulated depreciation of ¥10,000,000 on the date of sale. Yang received as consideration a ¥24,000,000 non-interest-bearing note due on January 1, 2018. There was no established exchange price for the building, and the note had no ready market. The prevailing rate of interest for a note of this type on January 1, 2015, was 9%. At what amount should the gain from the sale of the building be reported?

(b) On January 1, 2015, Yang Corporation purchased 300 of the ¥100,000 face value, 9%, 10-year bonds of Walters Inc. The bonds mature on January 1, 2025, and pay interest annually beginning January 1, 2016. Yang purchased the bonds to yield 11%. How much did Yang pay for the bonds?

(c) Yang Corporation bought a new machine and agreed to pay for it in equal annual installments of ¥400,000 at the end of each of the next 10 years. Assuming that a prevailing interest rate of 8% applies to this contract, how much should Yang record as the cost of the machine?

(d) Yang Corporation purchased a special tractor on December 31, 2015. The purchase agreement stipulated that Yang should pay ¥2,000,000 at the time of purchase and ¥500,000 at the end of each of the next 8 years. The tractor should be recorded on December 31, 2015, at what amount, assuming an appropriate interest rate of 12%?

(e) Yang Corporation wants to withdraw ¥12,000,000 (including principal) from an investment fund at the end of each year for 9 years. What should be the required initial investment at the beginning of the first year if the fund earns 11%?