Bobby's Fried Chicken purchased equipment for $74,000 on 1/1. The equipment is expected to have a five-year life, with a residual value of $5,000 at the end of five years. Using the double-declining balance method, what is the depreciation expense for the year as of 12/31? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123. you would only input: 24123 Given the following data, what is the gross profit as determined under the FIFO method if Hannah's Hair Supplies sold 100 bottles of shampoo for $19 per bottle? Information Number of Unit Cost Units Beginning Inventory on 1/1 40 $7 Inventory Purchases on 1/5 80 $10 Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123