help needed

Cecilla Company reported net income of $1,410,000. The average total liabilities were $4,310,500 and overage total stockholders' equity was $5,221,000 Interest expense was $102,100 and the tax rate was 40%. Cecilia's return on assets ratio (calculated using the modifled method discussed in the texi) is closest to: Muitiple Choice 13.73 15.9% 15,4% 14.8% Pool Corporation, Incorporated, is the world's largest wholesale distributor of swimming pool supplies and equipment. Assume Poor Corporation purchased for cash new loading equipment for the warehouse on January 1 of Year 1 , at an invoice price of $75,600, it also paid $3,800 for freight on the equipment, $3,100 to prepare the equipment for use in the warehouse, and $1,100 for insurance to cover the equipment during operation in Year 1 . The equipment was estimated to have a residual value of $5,100 and be used over three years or 25,800 hours. Required: 1. Record the purchase of the equipment, freight, preparation costs, and insurance on January 1 of Year 1. 2. Create a depreciation schedule assuming Pool Corporation uses the straight-line method. 3. Create a depreciation schedule assuming Pool Corporation uses the double-declining-balance method. 4. Create a depreciation schedule assuming Pool Corporation uses the units-of-production method, with actual production of 8,600 . hours in Year 1; 8,000 hours in Year 2; and 9,200 hours in Year 3. 5. On December 31 of Year 2 before the year-end adjustments, the equipment was sold for $25,200. Record the sale of the equipment assuming the company used the straight-line method. Complete this question by entering your answers in the tabs below. Record the purchase of the equipment, freight, preparation costs, and insurance on January 1 of Year 1 . Note: If no entry is required for a transaction/event, select "No joumal entry required" in the first account field. Journal entry worksheet Record the ourchase of cauioment. freioht- oreoaraston costs. and insurance