1)Adelphi Company purchased a machine on January 1, 2017, for $70,000. The machine was estimated to have a service life of ten years with an estimated residual value of $5,000. After 4 years, Adelphi sold the machine on January 1, 2021 for $30,000. Adelphi uses the double declining method for depreciation. Using this information, how much is the gain or (loss) for the equipment sale on January 1, 2021? Enter a loss as a negative number.

2)Barbara is an employee of Baltimore Company. Baltimore Company pays employees the Friday after the wages are earned. Overtime in excess of 40 hours must be paid at 150% of the normal hourly rate. Social Security taxes are 6.2% and Medicare taxes are 1.45%. The federal unemployment tax rate is 1.0% and the state unemployment tax rate is 3.0%. Barbara's wages, including the current pay period, will not exceed the limits for Social Security, Medicare and unemployment taxes. Barbara earns $19 per hour and worked 48 hours for the week ended January 13 , 2019. Baltimore will withhold $220 federal income taxes. Use this information to determine the total payroll tax expense for Baltimore Company as related to Barbara's earnings. (Round to the closest cent)

3)The following is the Easton Company adjusted Trial Balance.

Easton Company
Adjusted Trial Balance
December 31, 2018
Account Title	Debit	Credit
Cash	$88,665
Accounts Receivable	232,400
Supplies	17,000
Equipment	395,000
Accumulated Depreciation		$224,260
Accounts Payable		72,555
Capital Stock		220,000
Retained Earnings		127,145
Service Revenue		881,105
Interest Income		5,500
Dividends	9,000
Rent Expense	59,500
Wages Expense	529,000
Supplies Expense	42,000
Utilities Expense	8,000
Depreciation Expense	150,000	________
Totals	$1,530,565	$1,530,565

Use this information to prepare the Single-Step Income Statement for the fiscal year. There are additional lines in the formatted income statement form to allow for authorized alternate presentations.