Check Use the following table: $ 730,000 Big Sky Farms Partial Balance Sheet April 30, 2020 Property, plant and equipment: Land Building Less: Accumulated depreciation Equipment? Less: Accumulated depreciation Total property, plant and equipment 332,500 $855,000 522,500 570,000 241, 680 328, 320 $1,390,820 The building was purchased on May 3, 2009, and is depreciated to the nearest whole month using the straight-line method. Depreciation is based on a 18-year life, after which it will be demolished and replaced with a new one. 2 The equipment was purchased on November 3, 2017, and is depreciated to the nearest whole month using the double-declining- balance method. The total estimated useful life is 10 years with a residual value of $250.000 Required: 1. Calculate and record depreciation for the year just ended April 30, 2021, for both the building and equipment. Journal entry worksheet 1 2 Record the depreciation for the building, for the year ended April 30, 2021. es Note: Enter debits before credits Date Apr 30, 2021 General Journal Debit Credit Record entry Clear entry View general journal 2. Prepare the property, plant, and equipment section of the balance sheet at April 30, 2021. (Enter all amounts as positive values.) BIG SKY FARMS Partial Balance Sheet April 30, 2021 Property, plant and equipment: Land Building Equipment Total property, plant and equipment