Miscelaneous Expense 1,157, 0 1,157,050 Required: 1. Prepare an income statement, a statement of owner's equity in additional investments were made during the year, and a balance sheet 2. Journalize the entries that were required to close the accounts af June 30 3. Stacy Tanner, Capital has instead decreased 530 000 aw the closing entries were posted and the withdrawals remained the same, w ww2|Online teachin + gnment/takeAssignment Main.do invoker-&take AssignmentSessionLocator &inprogress false eBook Show Me How Calculator Print Item Revision of Depreciation Equipment with a cost of $180,000 has an estimated residual value of $14,400, has an estimated useful life of 16 years, and is depreciated by the straight line method. a. Determine the amount of the annual depreciation. b. Determine the book value at the end of the tenth year of use. c. Assuming that at the start of the eleventh year the remaining life is estimated to be eight years and the residual value is estimated to be $10,500, determine the depreciation expense for each of the remaining eight years. Do This if You Have Toenail Fungus (Try Tonight) Google Chromesearchmart.co Check My Work Click Here 2/1/2020 2 (hp