Examine Lakeside's assets as follows: (Click the icon to view the balance sheet.) Requirements 1. What is Lakeside's largest category of assets? List all 2020 assets in the largest category and their amounts as reported by Lakeside. 2. What was Lakeside'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 Lakeside's largest category of assets? List all 2020 assets in the largest category and their amounts as reported by Lakeside. Lakeside'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 Lakeside'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? Lakeside'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. e Che ? Balance sheet Lakeside Corporation Consolidated Balance Sheets (Partial, Adapted) (in millions) May 31, 2020 2019 1 Assets 2 Current assets 20 3 Cash and cash equivalents $ EA 4 Receivables, less allowances of $144 and $125 5 Spare parts, supplies, and fuel 6 Prepaid expenses and other 7 Total current assets 2,083 $ 257 2,766 2,625 4,653 4,506 472 427 9,974 7,815 8 Property and equipment, at cost 9 Aircraft 2,388 2,388 10 Package handling and ground support equipment 12,223 12,137 11 Computer and electronic equipment 28,156 26,101 12 Vehicles 576 451 13 1,438 Facilities and other 1,593 Tay Print Done