Gandolfi Construction Co. purchased a CAT 336DL earth mover at a cost of $405,000 in January 2019. The company's estimated useful life of this heavy equipment is 10 years, and the estimated salvage value is $83,000. Assume that Gandolfi Construction Co. calculated depreciation expense for the CAT 336DL earth mover on the straight line method and reported $598,400 of net income for the year ended December 31, 2019. The company's average total assets for 2019 were $3,400,000. Required: a. Calculate Gandolfi's ROI for the year ended December 31, 2019. Answer is complete and correct. Return On Investment for the year ended December 31, 2019 Choose Numerator: Choose Denominator: - Net income Average total assets = 598,400 $ 3,400,000 = ROI ROI 17.6% b. Calculate what Gandolfi's ROI would have been for the year ended December 31, 2019, had the company used the double declining balance depreciation method for the CAT 336DL earth mover. Ignore the effects of income taxes. % Answer is not complete. Answer is complete and correct. Return On Investment for the year ended December 31, 2019 Choose Numerator: Choose Denominator: - Net income Average total assets = 598,400 3,400,000 = ROI ROI 17.6% b. Calculate what Gandolfi's ROI would have been for the year ended December 31, 2019, had the company used the double- declining-balance depreciation method for the CAT 336DL earth mover. Ignore the effects of income taxes. Answer is not complete. Return On Investment for the year ended December 31, 2019 Choose Numerator. I Choose Denominator = Net income Average total assets ROI ROI