Question 7 (0.5 points) Crafty Inc. borrowed $10,000 with a five-year 2.47% annual interest rate on 4/1/20X1. On their year-end financial statements dated 12/31/20X1, what amount should be reflected for interest expense? Input your response rounded to a whole number, without commas and without dollar signs. Your Answer: Answer Question 8 (0.5 points) Accounts Payable $45,000 Cost of Goods Sold 230,000 Gain on Sale of Equipment 15,000 General and Admin Expense 160,000 Loss from Discontinued Ope 10,500 Salaries Payable 20,000 Tax Expense 60,000 Blanton is preparing their multi-step income statement and have downloaded their income statement accounts. Two accounts were downloaded incorrectly and do not belong on the income statement (HINT: you have to identify the wrong accounts). These two replace the wrong accounts shown above: Selling Expenses 13,000 Sales Revenue 579,000 What is Blanton Co's net income (or net loss) for the period