Exercise 2: Rider Company produces parts for a major motorcycle manufacturer. Jamie Harrison, the company's controller, is preparing the financial statements for the year ended December 31,2018. The statements will be issued on February 28, 2019. Required: Explain how each of these matters should be handled in the notes to the financial statements. 1. Rider entered into an agreement to sell an old manufacturing facility on January 13, 2019. The sale, wh resulted in a material loss, was completed on February 18, 2019. 2. Rider uses the straight-line method to determine depreciation on all the company's depreciable assets. 3. On January 29, 2019, Rider issued $12 million of fixed rate debt at 3% that matures in 10 years. distributor of Rider parts in California. Rider Company supplies parts to Zee Wholesalers and recognizes revenues from these sales. 4. A director of Rider Company is Chairman, CEO and an equity owner in Zee Wholesalers, the exclusive