\documentclass[demo]{article}
\RequirePackage[demo]{graphicx}
\usepackage[nopar,numbers]{kantlipsum}
\usepackage[left=.7in,right=.5in,top=.7in,bottom=.9in]{geometry}
\usepackage{multicol}
\raggedbottom
\begin{document}
\begin{multicols}{2}
\section{one}
\kant[1-5]
\section{two}
\includegraphics[width=8cm,height=10cm]%
\kant[1-4]
\end{multicols}
\end{document}