Financial statement classification Wayside Machine Tool Company purchased a $1,440,000 welding machine to use in production of large machine tools and robots. The welding machine was expected to have a life of 10 years and a salvage value at time of disposition of $144,000. The company uses straight-line depreciation. During its first operating year, the machine produced 1,440 product units, of which 1,152 were sold. a. What part of the $1,440,000 machine cost expired? $ 0 b. Where would each of the amounts related to this machine appear on the financial statements at the end of the first year of operations? Account Financial Statement Amount $ Cost of goods sold Finished good inventory o o $ 0 Financial statement classification Wayside Machine Toal Company muthased 140.000 welding machine to use in production of lange machine tools and robots.the welding machen expected to have a fe of 10 years and the What time of disposition of 144.00. The company terighe tine depreciation. During its first operating the machine produced 1.400 product units of which 1.159 were sold Warto the 140.000 machine contexpreso Where would each of the amounts related to this machine appear on the incal statements at the end of the first year of options Acco O sold Firaria Setement Amount