Examine Big Lake's assets as follows: (Click the icon to view the balance sheet.) Requirements 1. What is Big Lake's largest category of assets? List all 2020 assets in the largest category and their amounts as reported by Big Lake. 2. What was Big Lake's cost of property and equipment at May 31, 2020? What was the carrying amount of property and equipment on this date? Why is carrying amount less than cost? Requirement 1. What is Big Lake's largest category of assets? List all 2020 assets in the largest category and their amounts as reported by Big Lake. Big Lake's largest category of assets is List all the assets that are in the largest category and then their amounts as reported for 2020. (Enter amounts in millions.) Total cost Less: Millions Requirement 2. What was Big Lake's cost of property and equipment at May 31, 2020? What was the carrying amount of property and equipment on this date? Why is carrying amount less than cost? Big Lake's cost of property and equipment at May 31, 2020 was $ The carrying amount of property and equipment at May 31, 2020 was $ Carrying amount is less than cost because is cost to compute carrying amount.