Restore the file Wild Water Sports Ch 12A (Backup) that you downloaded from the student companion site, save it as Wild Water Sports Ch 12A, and then reflect the following additional events for April 2022:

• 4/1/22 – Purchased a portable drill for \($65,000\) with a 12-year useful life, no salvage value, depreciated on a Sum of the Years Digits basis for financial accounting purposes by issuing check 1055 to AJ Marine Equipment. 

• 4/1/22 – Purchased a generator for \($40,000\) with a six-year useful life, no salvage value, depreciated on a 200% Declining Balance basis for financial accounting purposes. This asset acquisition was accomplished with a five-year loan payable to AJ Marine Equipment.

Synchronize the newly modified Fixed Asset List with the Fixed Asset Manager, and then modify the two new assets in the Fixed Asset Manager to reflect the correct book depreciation methods, useful life, and general ledger accounts.

Post the depreciation journal entry to QuickBooks Accountant as of 4/30/22.

a. Print the Depreciation Schedule by G/L Account Number report from the Fixed Asset Manager using the book basis as of 4/30/22.

b. Print the journal entry in April 2022 that was posted by the Fixed Asset Manager. 

c. What is the expected book depreciation for the Portable Drill in the third year ended 12/31/2024?