help! Intermediate acct 1 chapter 11 problem:

Roding Chapter 11 Help Save & EN Sub Check my w 1 The Thompson Corporation, a manufacturer of ste products, began operations on October 1, 2019. The accounting department of Thompson has started the fixed asset and depreciation schedule presented below. You have been asked to assist in completing this schedule. In addition to ascertaining that the data already on the schedule are correct, you have obtained the following information from the company's records and personnel of S.PV of S1, EVA ES1. PVA SI EVAD. ST and PVAD 1) (Use appropriate factors) from the tables provided.) 100 pon a. Depreciation is computed from the first of the month of acquisition to the first of the month of disposition b. Land A and Building A were acquired from a predecessor corporation. Thompson paid $822,500 for the land and building together At the time of acquisition, the land had a fair value of $91000 and the building had a fair value of $819.000 c. Land I was acquired on October 2, 2019. in exchange for 3100 newly issued shares of Thompson's common stock. At the date of acquisition, the stock had a par value of $5 per share and fair value of $26 per share. During October 2019, Thompson paid $10,500 to demolish an existing building on this land so it could construct a new building d. Construction of Building on the newly acquired land began on October 1, 2020. By September 30, 2021, Thompson had paid $220.000 of the estimated total construction costs of $310,000. Estimated completion and occupancyr July 2022 e. Certain equipment was donated to the corporation by the city. An independent appraisal of the equipment when donated placed the fair value at $16.400 and the residual value at $2,100 1. Equipment A's total cost of $111,000 includes installation charges of $560 and normal report and maintenance of $11.000 Residual value is estimated at 55,500 Equipment A was sold on February 1, 2021 On October 1, 2020. Equipment was acquired with a down payment of $4,100 and the remaining payments to be made in 10 annual installments of $4.300 each beginning October 12021 The prevailing interest rate was 9 Check my wo Supply the correct amount for each answer box on the schedule. (Hound your intermediate calculations and final answers to the nearest whole dollar.) THOMPSON CORPORATION Fixed Asset and Depreciation Schedule For Fiscal Years Ended September 30, 2020, and September 30, 2021 Assets Acquisition Date Cost Depreciation Method Residual Depreciation for Year Ended 930 Estimated Life in Years 2021 NA NA 2020 NA 14,100 NA NA 49,350 NA $ $ NA Land A Building Land B Building B Donated Equipment Equipment A Equipment B 10/1/2019 10/1/2019 10/2/2019 Under construction 10/2/2019 10/2/2010 10/1/2020 220.000 to date not applicable Straight line not applicable Straight line 200% Declining balance Sum-of-the years digits Straight line 2,100 5,500 NA 30 10 9 16