Global Filter Corp.'s property, plant and equipment subledger at January 1, 2014 appeared as follows: Cost Information Depreciation/Amortization Amort. Accum. Balance Expense for Accum. Balance Description Purchase Date Method Cost Residual Life Dec 31, 2013 2014 Dec 31, 2014 Equipment May 1, 2011 SAL 195,400 27.400 10 years Building January 1, 2013 DDB 84.000 18.200 5 years Trucks July 1, 2012 Units 393,800 10.000 959.000 km Machinery January 1, 2012 SIL 54,000 9,000 5 years Boats January 1, 2012 SL 224,500 19.300 9 years Patents May 1, 2010 SAL 180,000 0 10 years Furniture May 3, 2014 DDB 32.452 4,000 3 years Boats May 3, 2014 DDB 25,548 3,000 4 years Additional information: . Global Filter Corp. calculates depreciation and amortization to the nearest month. S/L = Straight Line: DDB = Double-Declining Balance: Units = Units of Production . There have been no disposals, revisions, or impairments prior to January 1, 2014 . Actual kilometers driven by the trucks: 2012 - 270,000: 2013 - 465,000: 2014 - 137.000 - At the beginning of 2014. it was determined that the machinery would be used for 1 year less than originally estimated. Used furniture and boats were purchased on May 3, 2014, for a total of $58,000 at a bankruptcy sale. The appraised value of the furniture was $47.000 and of the boats 537,000. The old boats was given to a charitable organization on May 6, 2014. The estimated useful lives and residual values of the May 3 purchases were 3 years and $4,000 for the furniture, and 4 years and $3,000 for the boats. These assets will be depreciated using the DB method. Complete the PPE asset subledger; round depreciation per unit of production to the nearest cent; round your final answers to the nearest dollar. Using the information from the PPE asset subledger and the following December 31, 2014 adjusted account balances, complete the income statement (showing all depreciation and amortization expenses together under expenses) and a statement of changes in equity for the year ended December 31, 2014 along with the December 31, 2014 classified balance sheet. Assume that the corporation issued $39.400 worth shares during 2014 Global Filter Corp Income Statement For Year Ended December 31, 2014 Revenues Consulting Revenue Earned Rent Earned Commissions Earned Interest Earned Total revenues Expenses Loss on Sale/Disposal Interest Expense Depreciation/Amortization Total expenses Income before tax Income taxes expense Net income Account Accounts payable Accounts receivable, Cash Commissions earned Consulting revenue earned.. Dividends. Income taxes expense Interest eamed Interest expense Interest payable Interest receivable Land Long-term notes payable, Long-term investment in shares Loss on sale/disposal Mortgage payable.. Rent earned Retained earnings Share capital Unearned rent Balance 39,800 28.100 111,900 107.000 141.800 36,900 42.700 89.100 37.200 24,700 81,700 47.500 40.000 29,300 171,300 16.800 103,100 236,800 208.000 77.000 (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity (select one) Balance Sheet (select one) Global Filter Corp.'s property, plant and equipment subledger at January 1, 2014 appeared as follows: Cost Information Depreciation/Amortization Amort. Accum. Balance Expense for Accum. Balance Description Purchase Date Method Cost Residual Life Dec 31, 2013 2014 Dec 31, 2014 Equipment May 1, 2011 SAL 195,400 27.400 10 years Building January 1, 2013 DDB 84.000 18.200 5 years Trucks July 1, 2012 Units 393,800 10.000 959.000 km Machinery January 1, 2012 SIL 54,000 9,000 5 years Boats January 1, 2012 SL 224,500 19.300 9 years Patents May 1, 2010 SAL 180,000 0 10 years Furniture May 3, 2014 DDB 32.452 4,000 3 years Boats May 3, 2014 DDB 25,548 3,000 4 years Additional information: . Global Filter Corp. calculates depreciation and amortization to the nearest month. S/L = Straight Line: DDB = Double-Declining Balance: Units = Units of Production . There have been no disposals, revisions, or impairments prior to January 1, 2014 . Actual kilometers driven by the trucks: 2012 - 270,000: 2013 - 465,000: 2014 - 137.000 - At the beginning of 2014. it was determined that the machinery would be used for 1 year less than originally estimated. Used furniture and boats were purchased on May 3, 2014, for a total of $58,000 at a bankruptcy sale. The appraised value of the furniture was $47.000 and of the boats 537,000. The old boats was given to a charitable organization on May 6, 2014. The estimated useful lives and residual values of the May 3 purchases were 3 years and $4,000 for the furniture, and 4 years and $3,000 for the boats. These assets will be depreciated using the DB method. Complete the PPE asset subledger; round depreciation per unit of production to the nearest cent; round your final answers to the nearest dollar. Using the information from the PPE asset subledger and the following December 31, 2014 adjusted account balances, complete the income statement (showing all depreciation and amortization expenses together under expenses) and a statement of changes in equity for the year ended December 31, 2014 along with the December 31, 2014 classified balance sheet. Assume that the corporation issued $39.400 worth shares during 2014 Global Filter Corp Income Statement For Year Ended December 31, 2014 Revenues Consulting Revenue Earned Rent Earned Commissions Earned Interest Earned Total revenues Expenses Loss on Sale/Disposal Interest Expense Depreciation/Amortization Total expenses Income before tax Income taxes expense Net income Account Accounts payable Accounts receivable, Cash Commissions earned Consulting revenue earned.. Dividends. Income taxes expense Interest eamed Interest expense Interest payable Interest receivable Land Long-term notes payable, Long-term investment in shares Loss on sale/disposal Mortgage payable.. Rent earned Retained earnings Share capital Unearned rent Balance 39,800 28.100 111,900 107.000 141.800 36,900 42.700 89.100 37.200 24,700 81,700 47.500 40.000 29,300 171,300 16.800 103,100 236,800 208.000 77.000 (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity (select one) Balance Sheet (select one)