Question 3 (20 points) The next two pages show excerpts from the 2020 financial report of Nordstrom, a full-line retailer with departments for clothing, footwear, handbags, jewelry, accessories, cosmetics, and fragrances. Some stores feature home furnishings and wedding departments, and several have in- house cafes, restaurants, and espresso bars. The following questions relate to the company's fixed assets. Note that Nordstrom's fiscal year ends on January 30. Additional Information: - - - - As disclosed in the footnote, the investing cash inflows are from proceeds from sales of property and equipment. The change in gross value of PPE across years is due to the purchases and the sales of property and equipment. In fiscal year 2019, $50 million of gross property and equipment were retired (sold), with associated accumulated depreciation $7 million. The ending balance of accumulated depreciation for the fiscal year 2019 is 6,995. Depreciation expense totaled $671 million, $654 million and $661 million in 2020, 2019 and 2018, respectively. Required: a. Record the new purchases of stores and equipment (i.e., capital expenditures) in fiscal year 2020. b. Record the disposal of property and equipment in fiscal year 2020. c. Record the disposal of property and equipment in fiscal year 2019. d. Calculate the total gross book value and accumulated depreciation balances of disposed property and equipment as of Jan 30, 2019 (the ending balance of fiscal year 2018).