Catlett County Hospital, a governmental hospital, has its financial statement audit done by a local CPA firm. In 2018, the CPA firm announced that it would no longer charge for the audit. How is the County Hospital required to report the donated audit in 2019, assuming that it would have been billed $20,000 for the audit and that the cost incurred by the CPA firm is estimated at $11,000

Western electric has 32,000 shares of common stock outstanding at a price per share of $79 and a rate of return of 13.00 percent. the firm has 7,300 shares of 7.80 percent preferred stock outstanding at a price of $95.00 per share. the preferred stock has a par value of $100. the outstanding debt has a total face value of $404,000 and currently sells for 111 percent of face. the yield to maturity on the debt is 8.08 percent. what is the firm's weighted average cost of capital if the tax rate is 39 percent?