1.........Given the following for the Illinois Company:

Depreciation expense for year-end 12/31/14 is:

Select one:

a.$2,082

b.$2,250

c.$2,109

d.$2,333

e.$2,375

2.......On January 1, 2012, Will Company began construction of a new building for its own use. It was completed and put to productive use on December 31, 2012. Will has a December 31 year-end.

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Allowance for doubtful accounts at 1/1/15 $12,000 Net Sales 425,000 Accounts Receivable 12/31/15 195,000 Accounts written off as uncollectible in 2015 8,000\f\fMay Beginning Inventory 15 units @ $19 7 Purchases 65 units @ $20 18 Sales 15 units 22 Purchases 20 units @ $22 29 Sales 50 unitsDate Event 5/1/13 Purchase Machine Cost: $12,000 Salvage: $2,000 5 year life straight-line 10/1/14 Addition to Machine Cost: $4000 Extends useful life to 5/1/19 No change in salvage