5. Fisherman's Wharf owns 2,500 shares of stock that were originally purchased for $20 per share. These shares are an Equity Investment. On November 15, 2020 Fisherman's Wharf receives dividends in the amount of $ 0.10 (10 cents) per share. On December 1, 2020 Fisherman's Wharf sells the stocks for $18 per share. Joumalize the receipt of the dividends on Nov 15 AND the sale of the shares on Dec. 1. 6 points) Accounts DR CR Date 11/15/20 12/1/20 6. On January 1, 2019, Fine Fried Fish Inc. purchased a machine that makes hushpuppies for $55,000 and expected to keep it for 5 years. The estimated residual value of the machine at the end of the 5th year is $5,000. Fine Fried Fish Inc. expects to use the machine to make 1,000,000 hushpuppies over the next five years. Fine Fried Fish Inc. plans to use the machine to make 200,000 hushpuppies in 2019, 250,000 hushpuppies in 2020, 150,000 hushpuppies in 2021, 100,000 hushpuppies in 2022, and 300,000 hushpuppies in 2023. Calculate depreciation expense for 2020 if Fine Fried Fish Inc. uses the units-of-production method of depreciation (6 points) Answer Item Optional Calculations: Depreciation Expense 2020: 7. On January 1, 2020, Dolphin Docks purchased a boat for $350,000. They expect to use the boat over the next 4 years. The estimated residual value of the boat is $50,000. Complete the following depreciation schedule using the double declining-balance method of depreciation (14 points) Book Value Year 1/1/2020 Rate Book value $350,000 Depreciation Expense Accumulated Depreciation $350,000 I 12/31/20 12/31/21 1231/22 12/31 23