On 1 January 201, Granada bought two machines. Machine A was bought for $10,000 and Machine B for $12,000. All payments were made by cheques. It was the policy of the firm to depreciate the machines at 20% per annum by straight line method. On 31 December 203 after allowing depreciation for year 20X3, Machine A was sold for $5,000 cash and the cheque was received. TASKS: i. Calculate the annual depreciation charged on the machinery in each of the three years. ii. Compute the accumulated depreciation as at 31 December 203. iii. Calculate the gain/loss from disposal of the machinery for the year ended 31 December 20x3; iv. Income Statement (extract) for the year ended 31 December 20X3. v. Statement of Financial Position (extract) as at 31 December 203