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dear accounting experts I need to complete phase 3 of the schnappauf family problem. PHASE Illa-CHAPTERS 9-1 2 This :is the third and nal phase

dear accounting experts

I need to complete phase 3 of the schnappauf family problem.

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PHASE Illa-CHAPTERS 9-1 2 This :is the third and nal phase cf the SchnappauHamily's ta: retun't. Thk phase incur pet-rates the material in IShapters '5'. ll}. ll. and 12 requires you to analyze the variptts types afprepertt' tram-tims discussed in these chapters. 1. Dr: February II, 1015, Bil] inherits his Etd'ter's summer home. The hen-um, Iterated in South Lake Tahne. Net-"aria. has a fair market value DFSEEWIFDEI at the date of his father's death. His parents had purchased the huuse in 195"? For $140,121\") and nude Slll wnrth tifespital impms'ements tea it. Tut-tent}- pelt-em (If the total value pt'the prepertgr is attributable tn:- the land. Beeause Bill and lame ultimately waubd like tet- use the prep-err}.r as a wearinn heme, they decide to rent it out. Bill actively participates in the nunagement pt'the property. 'l' he pretense].r is rst ather- risen for rent an March 1, EDIE, but is net rented until April 15., 2:115. Bill pre- sides the lit-limiting ineeme and expense init'armatipa liar the Lake Tahae rental PW\"?- Rent samur- Bepairs 45.350 Management I'ee 4.3m) ['tttnpert].r tastes Iel Insurance seat:- In ldditil'l, Bill buys a new stove for SLBDD and a new refrigerate): for 51,431 on March El}, 2015. WM'IHh-HIHHH-HhmlHlnmn-HH-r hhmmmmwwhwhhH-rmw CC'EH'IIQWW mam")! mn-hmuhQ-teHmhum #Hmnwwmwlumwuu Iwumwt 1. The Sehnappttu receive Farm IWIB [Exhibit alj from Pebble Beach [I'I'L'CS' tare Far the 55h.- et'eerere] 5eeuriu'e5. Details cm the 5eeuritie5 sales are prerided heluw. The selling price listed is net efhmlterege eummieeitme and represents the emeunt the Sehneppeui'c actually receive ti'e-m the mic. Date Purchase Smelt Acquired Date Enid Sale. Price Price 150 shares Pzer Cemeterien 5311392 $315315 5 .5 * 50055555155n15nn55555 e35e39? 10355315 ]?JED -- 5D eiutct Neel-:1 tiflf'i' l3'233'l 5 525 LED!) liehmmiImnnmn 4355315 931315 90D 5300 15-0 51mm 'l'eittttln 5'3] 1315 [033315 1031\"} 5.1110 511:: Shares 1455535 1353M 153551315 5,125 5,151:- "|-'I'l-ie-1 impure FHIJ-l'ltli humility-nuke IJ. lW1.'rtJrnrhrI'li'lefnli'l'rl'plr'll'l met thl1 hrIu-Ihequit'rdmelelirrJF. Im.h51~m.tthe debrell''rrli.teirlurhrt unrefined-edit lm. in hauler III\". ['rer Gentle-tutu Heel: I-I'Iii't] zlr I. \"TheSrhm'utth-quirrd sen-11m: ul'pttertcl] nut}: in Tune internment liar-5.7.8 [H.M'aerlhe preheertlherteerhtdamlhir l'-ebnrhd'trid-rntl. 3.. Dn May 13, 2D] 5, Juyt'e PtlrtthnSc-E :1 eumputer :15th Fur 553111]- 5111: ethic} huge 51 eeler printcr3'eepicr3'ut machine lint MEI]. Mi the equipment is used eatelut-irch.r in her heeinem *1. n June 12, 3015. Inirce sells her nlel enmputer system I'er $3013 and her printer fer Eli-'5. She had acquired the eemputer ere-tern rut-cl printer en February ]E, 1012, For 55,5110 and Eli-15, reqreeth'el'f. When the Sehmppau prepared their EDIE tux tentrn. they.r elected m expense the eemputcr and printer using Sectien 1W. The enmputer 5y5'ten'1 and the printer \"WEE! used exclusively in her business- 5. Jeree reecher :1 Schedule HI {Exhibit 15-151 ll' her interest in the Iiitiiiture- teetaratimt hueineee. I55 ther inermtttien: :. The rental prepem' 1'11 Lalte Tehere i5 Ieeeted 31 Hill Finite Drive, Seuth Lehc Thhuet]9?} wahtkfnrder Te eemplete pheee III1 )'ll need the Fellmring additiemei lit-r1115: Schedule F. and Bernie 45151 and 3532. 1fem new here all the iul'ennatimi neeem-y TD- cernpie'te the schedule: that Emu elicl nut nish in phase: [ and IL

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