need part A and B answered

On December 31, 2025, before the books were closed, the management and accountants of Tannery lnc made the following determinations about three depreciable assets 1. Depreciable asset X was purchased January 4,2023 . The asset's original cost was $124,000, and this amount was entirely expensed in 2023. This particular asset has a 8 -year useful life and no salyage value. The straight-line method win chosen for depreciation purposes. 2. Depreciable asset Y was purchased January 2, 2024, it originally cost $540,000 and, for deoreciation purposes, the suam ofthe-years' digit method was originally chosen. The asset was originally expected to be useful for 10 years and have a zero salvage value. In 2025, the decision was made to change the depreciation method from sum-of-the-years digits to atraightline, and the estimates relating to useful life and salvage value remained unchanged. 3. Depreciable asset Z was purchased January 3, 2021. It originally cost $160.000 and, for depreciation purposes the straightline method was chosen. The asset was originally expected to be usefulf for 8 years and have a zero salvase value In 2025 , the decision was made to extend the total life of this asset to 10 years and to estimate the salvage vilue at $5,000. Additional data: 1. Income in 2025 before depreciation expense amounted to $316,000. Additional data: 1. Income in 2025 before depreciation expense amounted to $316,000. 2. Depreciation expense on assets other than X,Y, and Z totaled $41,000 in 2025 . 3. Income in 2024 was reported at $298,000. 4. Ignore all income tax effects. 5. 100,000 shares of common stock were outstanding in 2024 and 2025. (a) Prepare all necessary entries in 2025 to record these determinations. (Round answers to 0 decimal ploces, eg. 5, 125. Credit occount titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries) Prepare all necessary entries in 2025 to record these determinations. (Round answeri fo 0 decimal places, es. 5.125, Ordit account Dties are outomaticolly indented when the amount is entered, Do not indent manualM If no entry is required, select "No Enthe for ithe account tities and enter 0 for the amounts List oll debit entries before credit entries.) (To record depreciation.) 2. 3. e Textbook and Media List of Accounts Swe for Liver Attempts: 0 of 3 used Subrit Arswer Prepare comparative retained eamings statements for Tannery inc. for 2024 and 2025 . The company had retained earnings of \$325,000 at December 31, 2023, (Round answers to O decimal places, e. 8. 5, 125.) On December 31, 2025, before the books were closed, the manasement and accountants ot Tannery lnc made the following determinations about three depreciable assets: 1. Depreciable asset X was purchased January 4,2023. The asset's original cost was $114,000. and this amourit was entirely. expensed in 2023 . This particular asset has a 8 -year useful life and no salvage value. The stracht-line method was chosen for depreciation purposes. 2. Depreciable asset Y was purchased January 2, 2024. It originally cost $540,000 and, for depreciation purposes, the sum-ofthe-years' digit method was originally chosen. The asset was originally expected to be useful for 10 years and have 3 zero salvage value, In 2025, the decision was made to change the depreciation method from sum-of-the-years' digits to straightline, and the estimates relating to useful life and salvage value remained unchanged. 3. Depreclable asset Z was purchased January 3, 2021, It originally cost $160,000 and, for depreciation purposes, the straightline method was chosen. The asset was originally expected to be useful for 8 years and have a 2 rero salvage value, in 2025 , the decision was made to extend the total life of this asset to 10 years and to estimate the salvage value at $5,000. Additional data: 1. Income in 2025 before depreciation expense amounted to $316,000. 2. Depreciation expense on assets other than X,Y, and Z totaled $41,000 in 2025 . 3. Income in 2024 was reported at $298,000 4. Ignore all incame tax effects. 4. Ignoreall income taxeffects. 5. 100,000 shares of cominon stock were outstanding in 2024 and 2025 (a) Prepare all necessary entries in 2025 to record these determinations, (Round answers to 0 decimal places, eg. 5, 125, Crndit decsunt titier are autamaticadly indented when the amount is entered. Do not indent manuolly. If no entry is requined, select "No Entry" for the account tities and enter 0 for the amounts. List all debit entries before credit entries.) (To correct equipment expensed.) Depreciation Expense Accumulated Depreciation- Equipment (To record depreciation.) 2. 3. eTextbook and Media List of Accounts Prepare comparative retained earnings statements for Tannery Inc. for 2024 and 2025. The company had retained earnings of $325,000 at December 31, 2023. (Round answers to O decimal ploces, es. 5.125.) On December 31, 2025, before the books were closed, the management and accountants of Tannery lnc made the following determinations about three depreciable assets 1. Depreciable asset X was purchased January 4,2023 . The asset's original cost was $124,000, and this amount was entirely expensed in 2023. This particular asset has a 8 -year useful life and no salyage value. The straight-line method win chosen for depreciation purposes. 2. Depreciable asset Y was purchased January 2, 2024, it originally cost $540,000 and, for deoreciation purposes, the suam ofthe-years' digit method was originally chosen. The asset was originally expected to be useful for 10 years and have a zero salvage value. In 2025, the decision was made to change the depreciation method from sum-of-the-years digits to atraightline, and the estimates relating to useful life and salvage value remained unchanged. 3. Depreciable asset Z was purchased January 3, 2021. It originally cost $160.000 and, for depreciation purposes the straightline method was chosen. The asset was originally expected to be usefulf for 8 years and have a zero salvase value In 2025 , the decision was made to extend the total life of this asset to 10 years and to estimate the salvage vilue at $5,000. Additional data: 1. Income in 2025 before depreciation expense amounted to $316,000. Additional data: 1. Income in 2025 before depreciation expense amounted to $316,000. 2. Depreciation expense on assets other than X,Y, and Z totaled $41,000 in 2025 . 3. Income in 2024 was reported at $298,000. 4. Ignore all income tax effects. 5. 100,000 shares of common stock were outstanding in 2024 and 2025. (a) Prepare all necessary entries in 2025 to record these determinations. (Round answers to 0 decimal ploces, eg. 5, 125. Credit occount titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries) Prepare all necessary entries in 2025 to record these determinations. (Round answeri fo 0 decimal places, es. 5.125, Ordit account Dties are outomaticolly indented when the amount is entered, Do not indent manualM If no entry is required, select "No Enthe for ithe account tities and enter 0 for the amounts List oll debit entries before credit entries.) (To record depreciation.) 2. 3. e Textbook and Media List of Accounts Swe for Liver Attempts: 0 of 3 used Subrit Arswer Prepare comparative retained eamings statements for Tannery inc. for 2024 and 2025 . The company had retained earnings of \$325,000 at December 31, 2023, (Round answers to O decimal places, e. 8. 5, 125.) On December 31, 2025, before the books were closed, the manasement and accountants ot Tannery lnc made the following determinations about three depreciable assets: 1. Depreciable asset X was purchased January 4,2023. The asset's original cost was $114,000. and this amourit was entirely. expensed in 2023 . This particular asset has a 8 -year useful life and no salvage value. The stracht-line method was chosen for depreciation purposes. 2. Depreciable asset Y was purchased January 2, 2024. It originally cost $540,000 and, for depreciation purposes, the sum-ofthe-years' digit method was originally chosen. The asset was originally expected to be useful for 10 years and have 3 zero salvage value, In 2025, the decision was made to change the depreciation method from sum-of-the-years' digits to straightline, and the estimates relating to useful life and salvage value remained unchanged. 3. Depreclable asset Z was purchased January 3, 2021, It originally cost $160,000 and, for depreciation purposes, the straightline method was chosen. The asset was originally expected to be useful for 8 years and have a 2 rero salvage value, in 2025 , the decision was made to extend the total life of this asset to 10 years and to estimate the salvage value at $5,000. Additional data: 1. Income in 2025 before depreciation expense amounted to $316,000. 2. Depreciation expense on assets other than X,Y, and Z totaled $41,000 in 2025 . 3. Income in 2024 was reported at $298,000 4. Ignore all incame tax effects. 4. Ignoreall income taxeffects. 5. 100,000 shares of cominon stock were outstanding in 2024 and 2025 (a) Prepare all necessary entries in 2025 to record these determinations, (Round answers to 0 decimal places, eg. 5, 125, Crndit decsunt titier are autamaticadly indented when the amount is entered. Do not indent manuolly. If no entry is requined, select "No Entry" for the account tities and enter 0 for the amounts. List all debit entries before credit entries.) (To correct equipment expensed.) Depreciation Expense Accumulated Depreciation- Equipment (To record depreciation.) 2. 3. eTextbook and Media List of Accounts Prepare comparative retained earnings statements for Tannery Inc. for 2024 and 2025. The company had retained earnings of $325,000 at December 31, 2023. (Round answers to O decimal ploces, es. 5.125.)