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must use these headings. please answer within the hour thanks! Star Inc.'s property, plant and equipment subledger at January 1, 2014 appeared as follows: Cost

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Star Inc.'s property, plant and equipment subledger at January 1, 2014 appeared as follows: Cost Information Depreciation/Amortization Amort. Accum. Balance Expense for Accum. Balance Description Purchase Date Method Cost Residual Life Dec 31, 2013 2014 Dec 31, 2014 Furniture July 2, 2010 S/L 95,700 17,700 5 years Boats September 2, 2013 DDB 78,000 16,800 5 years Trucks January 2, 2012 Units 362,800 10,000 1,176,000 km Machinery January 2, 2012 50,500 8,500 5 years Building March 2, 2013 DDB 96,000 38,600 5 years Patents May 2, 2010 S/L 204,000 0 10 years Equipment July 1, 2014 DDB 29,419 5,000 4 years Building July 1, 2014 DDB 25,581 2,000 SIL 5 years . Additional information: Star Inc. calculates depreciation and amortization to the nearest month. S/L = Straight Line: DDB = Double-Declining Balance; Units = Units of Production There have been no disposals, revisions, or impairments prior to January 1, 2014 . Actual kilometers driven by the trucks: 2012 - 419,000; 2013 - 366,000; 2014 - 170,000 At the beginning of 2014, it was determined that the machinery would be used for 1 year less than originally estimated Used equipment and building were purchased on July 1, 2014, for a total of $55,000 at a bankruptcy sale. The appraised value of the equipment was $46,000 and of the building $40,000. The old building was given to a charitable organization on July 4, 2014 The estimated useful lives and residual values of the July 1 purchases were 4 years and $5,000 for the equipment, and 5 years and $2,000 for the building. These assets will be depreciated using the DDB method Complete the PPE asset subledger, round depreciation per unit of production to the nearest cent: round your final answers to the nearest dollar Using the information from the PPE asset subledger and the following December 31, 2014 adjusted account balances, complete the income statement (showing all depreciation and amortization expenses together under expenses) and a statement of changes in equity for the year ended December 31, 2014 along with the December 31. 2014 classified balance sheet. Assume that the corporation issued $81,400 worth of shares during 2014 Account Bonds payable Cash Commissions earned Consulting revenue earned Dividends Income taxes expense Interest earned Interest payable Land Long-term notes payable Long-term investment in shares Loss on sale/disposal Notes receivable Rent payable Rent receivable Retained earnings Share capital Balance 100,100 14,800 115,000 83,200 53,500 37,600 62,700 36,100 65,200 194,300 75,700 51,200 99,100 130,500 94,700 130,500 106,100 Star Inc. Income Statement For Year Ended December 31, 2014 Revenues Commissions Earned Consulting Revenue Earned Interest Earned Total revenues Expenses Loss on Sale/Disposal Depreciation/Amortization Total expenses Income before tax Income taxes expense Net income (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity XXX .: (select one) Balance Sheet (select one) XX x Choose an Account or Heading Categories: Accounts and Headings: All Accounts payable Assets Accounts receivable Liabilities Accumulated amortization, copyright Equity Accumulated amortization, patents Equity Accumulated amortization, trademark Revenues Accumulated depreciation, automobiles Expenses Accumulated depreciation, boats Other Accumulated depreciation, building Headings & Totals Accumulated depreciation, equipment Accumulated depreciation, furniture Accumulated depreciation, land improvements Accumulated depreciation, machinery Accumulated depreciation, trucks Advertising expense Advertising payable Allowance for doubtful accounts Amortization expense, copyright Amortization expense, patents Search: Erase Cancel Choose an Account or Heading Categories: Accounts and Headings: All Amortization expense, patents Assets Assets Liabilities Automobiles Equity Balance, December 31 Equity Balance, January 1 Revenues Boats Expenses Bonds payable Other Building Headings & Totals Cash Commissions earned Consulting revenue earned Copyright Cost of goods sold Current assets Current liabilities Delivery expense Depreciation expense Denreciation eynense automobiles Search: Erase Cancel ategories: NI assets iabilities Equity Equity Revenues Expenses Other Headings & Totals Choose an Account or Heading Accounts and Headings: Depreciation expense, automobiles Depreciation expense, boats Depreciation expense, building Depreciation expense, equipment Depreciation expense, furniture Depreciation expense, land improvements Depreciation expense, machinery Depreciation expense, trucks Dividends Equipment Equity Expenses Furniture Gain on exchange Gain on sale/disposal Income summary Income taxes expense Search: Erase Cancel Choose an Account or Heading ategories: Accounts and Headings: Income summary -sets Income taxes expense abilities Income taxes payable quity Insurance expense Equity Intangible assets Revenues Interest earned Expenses Interest expense Other Interest payable eadings & Totals Interest receivable Investment in bonds Issuance of shares Land Land improvements Liabilities Long-term investment in shares Long-term investments Long-term liabilities Long-term notes pavable Search: Choose an Account or Heading tegories: Accounts and Headings: Long-term notes payable sets Loss on exchange bilities Loss on sale/disposal uity Machinery quity Merchandise inventory evenues Mortgage payable xpenses Net income Other Net loss eadings & Totals Notes receivable Office salaries expense Office supplies expense Patents Prepaid advertising Prepaid insurance Prepaid interest Prepaid rent Property taxes expense Property taxes payable Search: Erase Cancel Choose an Account or Heading ategories: Accounts and Headings: Property taxes payable Issets Property, plant and equipment Liabilities Rent earned Equity Rent expense Equity Rent expense, office space Revenues Rent expense, selling space Expenses Rent payable Other Rent receivable Headings & Totals Repair expense Retained earnings Revenues Salaries expense Salaries payable Sales Sales discounts Sales returns and allowances Sales salaries expense Share capital Search: Erase Cancel Choose an Account or Heading ategories: Accounts and Headings: II Share capital ssets Short-term notes payable labilities Store supplies expense quity Supplies Equity Supplies expense Revenues Total assets Expenses Total current assets Other Total current liabilities eadings & Totals Total equity Total expenses Total intangible assets Total liabilities Total liabilities and equity Total long-term investments Total long-term liabilities Total property, plant and equipment Total revenues Trademark Search: Choose an Account or Heading Categories: Accounts and Headings: All otal assets Assets Total current assets Liabilities Total current liabilities Equity Total equity Equity Total expenses Revenues Total intangible assets Expenses Total liabilities Other Total liabilities and equity Headings & Totals Total long-term investments Total long-term liabilities Total property, plant and equipment Total revenues Trademark Trucks Unearned consulting revenue Unearned rent Unearned revenue Utilities expense Search: Erase Cancel

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