(3 points) [Show your work] The interest on the note payable to Corrupt is calculated interest expense by using an even calculation per month, the annual percentage of interest Corrupt is charging Global Hop on this note, rounded to the nearest tenth of a percent, is 9. (3 points) On October 1, Orlando Bath Supply Company paid cash of $57,600 for computers that are expected to remain useful to the company for three years, after which the computers are expected to be worth $0. Using straight line depreciation, what is the depreciation expense for the period 10/01-12/31? a. $57,600 10. 11. b. $7,680 C. $5,760 d. $1,920 (3 points) The financial statement that reports assets, liabilities, and stockholders' equity is the a. income statement. b. balance sheet. PDCR C. adjusted trial balance.. d. statement of retained earnings. (3 points) Patents, copyrights, and franchises are examples of long-term liabilities. current assets. fixed assets. intangible assets. (3 points) Which of the following statements is not correct? Intangible assets are reported on the Statement of Retained Earnings. Intangible assets have no physical form. a. b. C. Intangible assets include the exclusive right to produce or sell an invention. d. Intangible assets are valuable because of the special rights they carry. a. b. C. d. 12