Question 1: Katash The Katash Company is a leader in the poultry market. It produces, sells and markets fresh and ice packed commodity chicken, and other frozen products, known for their value and healthful qualities. Katash's balance sheet for the fiscal year ended on December 31, 2019 and 2018 disclosed the following: 2019 2018 Property plant and equipment (at cost) $1,676,978 $1,498,268 Less Accumulated depreciation $ 515,026 $ 427,152 $1,161,952 $1,071,116 In the income statement for 2019 Katash disclosed the following: Depreciation expense $ 106,630 In the cash flow statement for 2019, under Cash Flow from Investing Activities, Katash provided the following information: Additions to property, plant and equipment $ (213,576) Proceeds from dispositions of property, plant and equipment $ 15,294 Required: a. What was the cost of property, plant and equipment purchased in 2019? b. What was the net book value of property, plant and equipment disposed of during 2019? c. Did Katash generate a gain or a loss on the disposition of PP&E? How much? d. Katash calculates depreciation primarily using the straight-line method. Assuming the average life of all of Katash's assets is 10 years, what was the average age of the property, plant and equipment disposed of in 2019