Problem $2-15$ Balance Sheet $($LG$2-1)$

Mikey's Bar and Grill has total assets of $$27$ million, of which $$21$ million are current assets. Cash makes up $10$ percent of the current

assets and accounts receivable makes up another $40$ percent of current assets. Mikey's gross plant and equipment has a book value

of $$20\mathrm{.}5$ million, and other long$-$term assets have a book value of $$800,000.$

What is the balance of inventory and the balance of depreciation on Mikey's Bar and Grill's balance sheet?

Note: Enter your answers in millions of dollars rounded to $1$ decimal place. $($i$.$e$.,$ Enter $5,500,000$ as $5\mathrm{.}5.)$

Answer is complete but not entirely correct.