Brian Whippoorwill decided to open a full-service barber shop (Clean Shaven) attached to his residence on property he inherited from his uncle. The business began operations on July 1, year 1, and is a calendar-year operation. Brian elects IRC Section 179 depreciation on the furniture and equipment and MACRS depreciation on the other assets. (Use the rates provided under the Exhibits tab to complete Part 1 and Part 2 below.)\ \ Information is provided below, along with the supporting documents and MACRS tables under the Exhibits tab.\ \ Prior to opening the business on July 1, Brian:\ \ renovated the property.\ acquired furniture and equipment for the shop from a company that recently went bankrupt.\ incurred expenditures for advertising and for traveling to meet with suppliers.\ At year-end, Brian:\ \ prepared a Partial Trial Balance, listing the barber shops revenues and expenditures.\ received a statement from the mortgage company listing his loan interest and property taxes (the business portion of the building occupies 40% of the buildings total square footage; the remaining portion is Brians personal residence).\ received a year-end summary from the utility company. A portion of the utilities (electric, gas, and telephone) were incurred prior to July 1 and is considered pre-operating costs.\ Part 1:\ Complete the table below by clicking in each indicated cell and entering the appropriate amount. If the value of a cell is zero, you must enter a zero ("0") to receive credit for your answer. Round all amounts to the nearest whole dollar.