Problem 1. 30 points The M&M Company purchased a new office furniture with office equipment (combo unit) in 2019 at a cost of $260,000. M&M paid $2500 for delivery and initial setup. It took 2 carpenters 3 days of 8 hours work @ $16 an hour to set up the furniture and the equipment. The combo unit has an annual operations and maintenance cost of $150 and a warranty cost of $150 per year. The combo is expected to have a useful life of ten years. The salvage value of the combo at the end of useful life of 10 years will be $7000 a). what is the cost basis of the furniture and the equipment (combo unit) (2 points) b). Perform a quick estimation of the depreciation amount and prepare depreciation schedule for the combo unit showing deprecation amount and book value for each year. (10 point) c). Prepare a depreciation schedule for tax purposes showing the depreciation allowance and corresponding book value each year. (18 points)