NEED HELP WITH PRACTICE WORKSHEET ANSWER ALL ACCORDINGLY PLEASE AND THANK YOU

1. Calculate profit under cash and accrual accounting, based on the following transactions. (6) November 2020: Purchase fertilizer for the 2021 crop, $3,000. March 2021: Purchased other inputs for the 2021 crop, $37,000. October 2021: Charged to account fuel for drying crop, $2,000. November 2021: Harvest crop. Sell half for $35,000. Put other half in storage at a value of $35,000. January 2022: Pay bill for fuel ($2,000). April 2022: Sell remaining crop for $31,000. Profit under cash accounting: Profit under accrual accounting 2. You purchase a new weed sprayer at a cost of $8,000. Calculate the depreciation on the sprayer using a five-year recovery period by comparing economic straight line and MACRS (half-year convention) methods. Salvage value is $2,000. Report depreciation claimed, and remaining value each year for each method. (6) Asset: Date Purchased Depreciation Method: Purchase Price: Beginning Depreciable Base: Date Depreciation Claimed Remaining Book Value Asset: Date Purchased Depreciation Method: Purchase Price: Beginning Depreciable Base: Date Depreciation Claimed Remaining Book Value