Lion Ltd purchased equipment on 1 January 2019 at a cost of $180,000. It had an estimated useful life of 8 years and an estimated residual value of $20,000. Each year $1,000 is spent on the maintenance of the equipment. On 1 July 2021, Lion Ltd paid $8,800 (GST inclusive) cash for a major overhaul of the equipment, after which it had an expected useful life of 5 more years and nil ($0) residual value. The entity's reporting period ends on 30 June, and it uses straight-line depreciation. Required: (a) Calculate the depreciation for 2019 and 2020 (b) How you treat the (i) $1,000 for the maintenance of the equipment and (ii) the $8,800 for the major overhaul of the equipment. Justify your response. (c) Prepare the journal entry for the 8,800 paid for the overhaul of the equipment on 1 July 2021. (d) Calculate the depreciation expense for 2022 based on the above details. (e) Show the Balance Sheet (Extract) as at 30 June 2022 for the Equipment