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X Requirements 1. How much was Khonner's cost of plant assets at March 31, 2018? How much was the book value of plant assets? Show computations. 2. The financial statements provide three pieces of evidence that Khonner purchased plant assets and goodwill during fiscal year 2018. What are they? 3. T-accounts for Property, Plant, and Equipment; Accumulated Depreciation; and Goodwill have been prepared for you. Fill in the T-accounts with information from the comparative balance sheets and cash flow statements. Label each increase or decrease and give its dollar amount 4. Prepare the journal entry for the sale of property, plant, and equipment in 2018. Print Done i Data Table - X March 31, 2018 2017 7,981 $ Balance Sheet (dollars in millions) Assets Total current assets Property, plant, and equipment. Less: Accumulated depreciation Goodwill. 6,908 4,195 4,832 1,730 2,122 550 511 Year Ended March 31, 2018 2017 Statement of Cash Flows (dollars in millions) Operating activities: Net income Noncash items affecting net income: $ 1,142 $ 990 Print Done Data Table 4,832 4,195 Property, plant, and equipment Less: Accumulated depreciation. Goodwill 2,122 1,730 511 550 Year Ended March 31, 2018 2017 1,142 $ 990 Statement of Cash Flows (dollars in millions) Operating activities: Net income Noncash items affecting net income: Depreciation Gain on sale of property, plant and equipment Investing activities: Additions to property, plant, and equipment. Sale of property, plant, and equipment 460 461 (126) 0 (709) (623) Print Done Khoner Stores Inc. schronics and places. The towed to Romer's facialet for 2018 2017 Click the icon to view the balance sheet and cash flow ment) Read the rements Requirement 4. Prepare the journal erty for the serve of property, bars and bent in 2018. Record Gibbs for the credits. Gue explanations on jaune Eur aneurt in nitors as provided in the problem stuement) Journal Accounts Date Den Creo Choose from any ist or enter any number in the routes and then continue to the next Gestion Khonner Stores, Inc.. els electronics and appliances. The excerpts that follow are adapted from Khorner's financial statements for 2018 and 2017 cick the icon to win the parte balance sheet and cathow statement) Raai ta munamana Requirement 3. T-accounts for Property, Plart, and Equipment, Accumulated Depreciation, and Goodwill have been prepared for you. Fill in the T-accounts with information from the comparative balance sheets and cash flow statements. Label at increase or decrease and give it dollar amount. At beviation used Accum. Depe Accumulated Depreciation Enter amountain milons as provided in the problem statement.) Begin by completing the Taccount for Property Plant, and Equipment Property. Plant, and Equipment Next, complete the account for Accumulated Depreciation Acounted Depreciation Choose from any ist or enter any number in the input fields and then continue to the next question Mohanar Stores, Inc., tols . The antages that falou are a Korter anderes to 2018 2017 Click then to view the parte balance sheet and cash flow statement) Read the green Requirement 1. How much was Khan's cost of plants at March 31, 2017 How much was the book value of plant wat? Show computations Entramounts in ons as provided in the problem statement) The cost of plant assets at March 31, 2018 Determine the forma and enter the amount to the book value of plants Mar 31, 2018 Book value Requirement 2. The financial statements provide tree pieces of evidence that Kenner purchased last posts and goodul orng fiscal year 2018. What are they? 1. 2 3 Requirement 3. T-accounts for Property Plant and Equipment Acad Depreciation and Goodiese been prepared for you. Fin the accounts with information from the comparative since sheets and cash flow statements. Label each increase or decrease and get dolor amount Abbreviation Acum Der Audited Depreciation Enter amounts in ons provided in the problem soment) Begin by completing the Taccount for Property Plant, and Equipment Choose from any list or enter any number in the input fields and then continue to the next question Khonner Stores, Inc, ses electronics and appliances. The excerpts that follow are adapted from Khonner's financial statements for 2018 and 2017. (Click the icon to view the partial balance sheet and cash fow statement Read the recent Nest, complete the account for Accumulated Depreciation Mocum precio Fhucomprehet sowel Goodwill Requirement 4. Prepare the ouma entry for the sale of property plant and equipment in 2016. (Record debitstret, Then credits Exclude explanations from oumaleries Emer mounts in mosos provided in the problem statement