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Check 15 131 Dom Selers Construction Company purchased a compressor for $28.000 cash it had an estimated useful We of four years and a 54.000

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Check 15 131 Dom Selers Construction Company purchased a compressor for $28.000 cash it had an estimated useful We of four years and a 54.000 salvage value At the beginning of the third year of use, the company spent an additional $6.000 related to the equipment. The company's financial condition just prior to this expenditure is shown in the horizontal statements model Required Record the $6,000 expenditure in the statements modet under each of the following widependent assumption (In the Statement of Cash Flows column, use the initials "OA" for operating activities, "FA" for financing activities, and "IA" for investing activity. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells require input) References a. The expenditure was for routine maintenance b The expenditure extended the compressors fe The expenditure improved the compressor's operating capacity SELLERS CONSTRUCTION COMPANY Horizontal Statements Model Balance Sheet Income Statement Assets Stockholders' Equity Common Reven Retained Book Value of Expenses Compressor Stock Earnings 16.000 10.000+ 21.000 Statement of Cash Flows Not Income Cash Balance 45.000

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