Accounting Problem 10-6B

Megatron Inc. owns a small television station in the interior of British Columbia. Its year end is June 30. The company completed the following transactions:

Required

1.	Record the above transactions of Megatron Inc. Round all amounts to the nearest dollar.
2.	Show the balance sheet presentation of the assets at June 30, 2021.

Need this part of the answer and Part B balance sheet (Please show how to calculate)

x Problem 10-6B (book/static) Megatron Inc. owns a small television station in the interior of British Columbia. Its year end is June 30. The company completed the following transactions: (Click the icon to view the transaction data.) Required 1. Record the above transactions of Megatron Inc. Round all amounts to the nearest dollar. 2. Show the balance sheet presentation of the assets at June 30, 2021. 2020 Apr. 1 Paid $2,175,000 plus $75,000 in legal fees (pertaining to all assets purchased) to purchase the following assets from a competitor who was going out of business: Appraised Estimated Estimated Asset Value Useful Life Residual Value Land $ 600,000 - Buildings 960,000 30 years $ 120,000 Equipment 840,000 5 years 80,000 Megatron Inc. plans to use the straight-line amortization method for the building and for the equipment. May 1 Purchased a mobile broadcast unit truck with a list price of $295,000 for $245,000 cash. It is expected that the truck will be used for seven years and driven a total of 200,000 kilometres; it is then expected to be sold for $55,000. It will be amortized using the UOP method. 3 Paid $10,000 to paint the truck with the station's colours and logo. Assume the truck has not been put into service yet. Jun. 30 Recorded amortization on the assets. The mobile unit had been driven 12,500 kilometres since it was purchased. Dec. 30 Megatron Inc. paid $25,500 to Maxwell Maintenance for work done on the equipment. The job consisted of annual maintenance ($1,500) and the addition of automatic controls ($24,000) that allow the equipment to remain useful for another six years and increase its expected residual value by $10,000 2021 Jun. 1 Sold the mobile unit truck for $200,000. The truck had an odometer reading of 82,000 kilometres. 30 Recorded amortization on the assets. Next, record the amortization of the equipment. (Hint: Compute the amortization as at December 30 before the addition. Then compute the yearly amortization for the remaining useful life.) (Do not round intermediary calculations. Only round your answer to the nearest dollar.) Debit Credit Date Jun. Journal Entry 2021 Accounts 30 Amortization Expense-Equipment Accumulated AmortizationEquipment