Question Help Air New Zealand (ANZ) 1 a Star Alliance member airline. Assume that early in 2020, ANZ purchased equipment at a cost of $170,000 (NZ) Management expects the equipment to remain in service for four years and estimated residual value to be negligible. ANZ uses the straight line depreciation method. Through an accounting error. ANZ expensed the entre cost of the equipment at the time of purchase Requirement Prepare a schedule to show the overstatement of understatement in the following items at the end of each year over the four year ide of the equipment ignore income taxen 1. Total current assets 2. Equipment, net 3. Net Income 4. Shareholders' equity Year 2020 2021 2072 2023 New Zealand Total current asset Fopment Not income Shareholders equity