Required Information [The following information applies to the questions displayed below.) Stevens's Sandwich Shop had the following long-term asset balances as of January 1, 2024: Land Building Equipment Patent Cost $66,000 Accumulated Depreciation Book Value $66,000 541,000 131,900 77,500 $(194,760) 346,240 (26,200) 105,700 (31,000) 46,500 Additional Information: Stevens's purchased all the assets at the beginning of 2022. The building is depreciated over a 10-year service life using the double-declining-balance method and estimating no residual value. The equipment is depreciated over a 9-year useful life using the straight-line method with an estimated residual value of $14,000. The patent is estimated to have a five-year service life with no residual value and is amortized using the straight-line method. Depreciation and amortization have been recorded for 2022 and 2023 (first two years). 3. Calculate the book value for each of the four long-term assets at December 31, 2024. STEVENS'S SANDWICH SHOP Land Building Equipment Patent December 31, 2024 Book Value