FILL IN THE BLANKS: 1. INITIAL COST - = DEPRECIABLE COST 2. ANNUAL DEPRECIATION (S-L METHOD) = (COST - RESIDUAL VALUE)/ 3. BOOK VALUE = - ACCUMULATED DEPRECIATION Determine if each of the following is an example of Expense, Fixed Asset, or Investment: 1. Delta Airline recently purchased insurance for the upcoming year: 2. Pfizer spent $750,000 to purchase fifty acres of land: 3. ABC, Inc purchased a warehouse in the Fashion District: Using your knowledge of Double Entry Accounting, 'T' Accounts and Chart of Accounts, complete the journal entries for the following transaction: During the company's Initial Public Offering on March 15th, 2019, Mother Nature issued one hundred thousand shares of common stock at $65 per share. DATE DESCRIPTION DEBIT CREDIT