On january 1, 2014, purl corp. purchased, as a long-term investment, $500,000 face value shaw, inc. 8% bonds for $456,200. the bonds were purchased to yield 10% interest. purl has the positive intent and ability to hold the bonds until maturity on january 1, 2020. the bonds pay interest annually on january 1, and purl uses the interest method of amortization. what amount (rounded to nearest $100) should purl report on its december 31, 2015, balance sheet for this long-term investment?

5. understanding marginal and average tax rates consider the economy of citronia, where citizens consume only oranges. assume that oranges are priced at $1 each. the government has devised the following tax plans: plan a • consumption up to 1,000 oranges is taxed at 50%. • consumption higher than 1,000 oranges is taxed at 20%. plan b • consumption up to 2,000 oranges is taxed at 15%. • consumption higher than 2,000 oranges is taxed at 60%. use the plan a and plan b tax schemes to complete the following table by deriving the marginal and average tax rates under each tax plan at the consumption levels of 300 oranges, 1,200 oranges, and 3,000 oranges, respectively. consumption level plan a plan b (quantity of oranges) marginal tax rate average tax rate marginal tax rate average tax rate (percent) (percent) (percent) (percent) 300 1,200 3,000 complete the following table by indicating whether each plan is a progressive tax system, a proportional tax system, or a regressive tax system. progressive proportional regressive plan a plan b