On January 2, 2011, the Crossover Band acquires sound equipment for concert performances with an invoice cost of $37,000. The electrical work required for the installation costs $5,000. Additional costs are $3,000 for delivery, insurance while transit $3,300 and $7,600 for sales tax. During the installation, a component of the equipment is carelessly left on a lane and hit by the automatic lane-cleaning machine. The cost of repairing the component is $2,250. The band estimates it will use this equipment for four years, during which time it anticipates Performing about 120 concerts. It estimates that after four years it can sell the equipment for $1.900. Required: 1- What is the total recorded cost of the sound equipment? (1 mark) 2- Prepare the journal entries to record: i. the acquisition of the sound equipment (1 mark) ii. the maintenance expense of the sound equipment (1 mark) 3- Prepare a table showing depreciation, accumulated depreciation and net book value for each of the fouryears assuming double declining. (5 marks) 4- Pepare a table showing depreciation, accumulated depreciation and net book value for each of the four years assuming units of production method, given that the equipment was used in performing 40 concerts in 2011, 50 concerts in 2012, 20 concerts in 2013, and 10 concerts in 2014. (5 marks) 4- Prepare a table showing depreciation, accumulated depreciation and net book value for each of the four years assuming units of production method, given that the equipment was used in performing 40 concerts in 2011, 50 concerts in 2012, 20 concerts in 2013, and 10 concerts in 2014