atempt review x + .. lice g Started EC580 Quizzes for ... in Fall 2020 EC580-74... Question 6 Complete Marked out of 4.00 Flag question b. Given the following situation and facts, answer questions 1) to 4): On May 15, 2019, Eric Martin (buyer) signed a contract with Rueben Smith (seller) to purchase a rental house for $195,000. Closing is to occur on June 15, 2019, with the day of closing to be counted as a day of ownership by the buyer. Eric paid an escrow deposit of $10,000 when he signed the purchase contract. Other pertinent facts include: The monthly interest on the first mortgage is $745, which must be paid by the 20th of the month. Reuben paid a hazard insurance policy for the calendar year 2019. The premium was $850, and Eric has agreed to purchase Reuben's interest in the policy. The monthly rental of $1,250 has been collected by Reuben for June. d The total amount of property tax for 2019 is estimated to be $2,200. The tax will be paid by Eric at the end of the year. Questions: 1). How would the monthly interest on the first mortgage be prorated? C. Eric's portion of monthly interest: Reuben's portion of monthly interest: 2), How would the hazard insurance premium be prorated? Eric's portion of hazard insurance premium: Reuben's portion of hazard insurance premium: 3). How would the monthly rent for the month of June be prorated? Eric's portion of monthly rent: Reuben's portion of monthly rent: 4). How would the property tax for the calendar year 2019 be prorated? Eric's portion of property tax: 000