9.4 Leisure Fitness Ltd started in business on 1 January 2009, its financial year ending 31 December. The Company purchased its fitness equipment as follows. Year Date of Purchase Amount ($) 2009 1-Jan 20-Oct 2010 15-Feb 80,000.00 100,000.00 70,000.00 20-Nov 50,000.00 2011 20-Mar 100,000.00 2012 15-May 150,000.00 The company depreciates its equipment at the rate of 10 percent per annum using the straight line method, depreciating based on assets in existence at the end of the year. You are required to show the following for 2009 2010 2011 and 2012 a) The equipment account b) The accumulated depreciation c) Extracts from the income statement and the statement of financial position