Question 6: End-of-period adjustments-effect on net income:(50 Points) Murphy's Auto Co. purchased a large piece of equipment on January 1, 2004. The equipment is being depreciated, using the straight-line method, at the rate of $16,000 per year. On January 1, 2018 the book value of the machine was $190,000. (a) What was the original cost of the machine? (b) What will the book value be on December 31, 2016? Show or describe how you arrived at your amounts