Roadkill Cafe is a busy coffee shop operating in Civic, Canberra. On 1 Oct 2015, the owner, Chris purchased a new La Marzocco commercial cotfee machine. The machine was advertised in store for $17350+10% GST, but after a bit of online research, Chris showed the sales assistant a similar machine was available for $14999+10% GST from a local competitor. As a result a price of $15750+10% GST was negotiated. The machine is expected to have a useful life of 5 years and the owners agreed to sell the used machine to their barista for $3450 in five years from the purchase date. Required: Using the information provided above, answer the following questions (Round your answers to whole dollars). 1. What was the value of the machine as recorded in the general ledger asset account at the time of purchase? $ 2. Assuming the cate uses the straight-line depreciation method, what is the annual depreciation charge for the machine? \$ 3. What was the net book value of the asset on 30 th June 2020 ? \$ 4. Assume the barista was no longer interested in buying the machine when it reached the end of its useful life. Instead, the cafe owners advertised the machine for sale (for a fee of $300 ) and eventually sold it for $3,000 cash on 30 Nov 2020 . Thinking about the financial statements as at 30 June 2021, what value (if any) will the accounts contain with respect to the coffee machine? a) Asset (Balance sheet) $ b) Depreciation expense (Income Statement) $ c) Gain or loss on sale (Income Statement) d) Operating cash flow (Cash flow statement)