Checkm 6 Sellers Construction Company purchased a compressor for $107000 cash. It had an estimated useful life of four years and a $8,200 salvage value. At the beginning of the third year of use, the company spent an additional $7.200 related to the equipment. The company's financial condition just prior to this expenditure is shown in the first line of the table. 14.28 points Required Record the $7.200 expenditure in the statements model under each of the following independent assumptions: (In the Cash Flow column, use the initials OA for operating activities, FA for financing activities, or IA for investing activity. If there is no effect on the Cash Flow, leave the cell blank. Enter any decreases to account balances with a minus sign. Not all cells will require entry) a. The expenditure was for routine maintenance. b. The expenditure extended the compressor's life. c. The expenditure Improved the compressor's operating capacity eBook Hint Print Statement of Cash Flows Balance Sheet Assets Book Value Liabilities Cash of Compressor 13.970 - 57.600 - SELLERS CONSTRUCTION COMPANY Horizontal Statement Model Income Statement Stockholders' Equity Common Retained Revenge Expenses Stock Earnings 25.400 46.170 Net Income OOP + + + + b ### ++++ +