i. If Berful bought a new machine this year for $40,000 on the first day of the year, and estimates the machine to have $4,000 in salvage value, and a life of 8 years, calculate the first year depreciation expense to be recognized under the following depreciation methods: a. Straight Line b. Double Declining Balance 4500 _ 10,000 J. Berful sells a very expensive product that it buys for resale. It sold one this year. It had one item in beginning inventory that cost $1,000,000, and it acquired 2 more during the year, costing $1,100,000, and $1,200,000 for the last one. Calculate Cost of Goods Sold and Ending Inventory for these facts under these cost flow assumptions: a. FIFO Cost of Goods Sold b. LIFO Cost of Goods Sold c. Average Cost of Goods Sold Ending Inventory Ending Inventory Ending Inventory k. Prepare a bank reconciliation using the following data, and record the ending balance of cash in this account on the line provided