Problem 5 Stillwater Manufacturing, Inc. was January par value stock for $250.000. Ws formed on January 1 by suing 100000 shares of $i par value stock for $250,000. On that same date. Stilwater Manufacturing 9. Inc. acquired a piece of machinery and a truck $161,000 and the truck had a list price of $69.000. as part of one purchase for $200.000 cash. The machine had a list price of Freight cost amount to $1.300 for the machinery only. There was no delivery charge associated with the truck. The company had to hire a specialist to calibrate ir machine. The specialist's fee was $900. The machine operator is paid an annual salary of $50,000. The employee that will drive the truck is paid an annual salary of $75,000. The cost of the company's theff insurance policy increased by $600 per year as a result of acquiring the machine. The machine has a 10-year useful ife and an expected salvage value of $15,000. The truck has a S-year useful life and an expected salvage value of $19.000. Record the above transactions related to the (1) issuance of common stock. [2) purchase of the machine and truck (include all costs that should be capitalized). (3) depreciation on the machine for the first full year of operation, and (4) depreciation on the truck for the first full year of operation. Income Cash Statement Flow Net Balance Sheet Assets A. | C. | PIC in | R. Cash Mach. Truck Depr Stock Excess Earn Rev. Exp. Bal What is the net amount of property. plant, and equipment that will appear on Stillwater Manufacturing's balance sheet at the end of this year