Samson Company operates a retail outlet in a prime location in Sioux City. On September 1, Year 1, the firm purchased a business location at a cost of $35,000. This price included the land, building and equipment. Samson started using the assets on the same date.The cost basis of the land was properly determined to be $6,000.

The cost basis of the building and equipment were properly determined to be $22,000 and $7,000, respectively. Samson properly uses the double-declining balance depreciation method for the building and the units-of-activity method for the equipment in its financial accounting records. The estimated economic life of the building is 11 years. The estimated life of the equipment in units of output is 1,000 units. The estimated salvage values of the building and the equipment are $12,000 and $2,000, respectively.

The equipment's output in units was 40 units in Year 1, 180 units in Year 2 and 210 units in Year 3.

On January 1, Year 4, before any depreciation occurred and was recorded for Year 4, Samson accepted a cash offer and sold all three of these assets for $32,000 that same day. The sale price of $32,000 was allocated to land, building and equipment, respectively, as follows: $7,000, $19,000 and $6,000. Assume all accounting for depreciation was done properly in Years 1, 2 and 3. When doing calculations, round decimals to hundredths [.01]. Enter your final answers in whole dollar amounts without $ signs, without commas and without '+' or '-' signs.

Q#28: Related to the sale of land on January 1, Year 4, what decrease in Accumulated Depreciation was needed? [If none, enter 0]

Q#29: Related to the sale of land on January 1, Year 4, what Gain on Sale of Land would be reported in the income statement?

Q#30: Related to the sale of land on January 1, Year 4, what Loss on Sale of Land would be reported in the income statement?

Q#31: Related to the sale of the building on January 1, Year 4, what decrease in Accumulated Depreciation was needed?

Q#32: Related to the sale of the building on January 1, Year 4, what Gain on Sale of Building would be reported in the income statement for Year 4?

Q#33: Related to the sale of the equipment on January 1, Year 4, what decrease in Accumulated Depreciation was needed?

Q#34: Related to the sale of the equipment on January 1, Year 4, what Gain will be report in the income statement for Year 4?

This information will be used only to answer Q#35. Samson purchased some goods from a supplier on September 1, Year 1. The invoice amount of these goods was $11,000. The sales terms were FOB shipping point and the goods were shipped on October 1, Year 1. The seller offered these discount terms to Samson: '2/20, net 60'. In doing calculations, you may round decimals to one-hundredths [.01]. Q#35: If Samson opts to pay on the 20th day, what is the annual rate at which Samson is saving as a result of paying earlier than otherwise needed?

This fact pattern relates only to Q#36. Kent sold $6,500 of goods to a customer on account. The sales terms were 2/10, net 30. The customer returned $1,000 of the goods immediately as they were defective. Then customer paid Kent for remaining amount owed after deducting the appropriate discount when paying on the 10th day after the sale occurred.

Q#36: What amount of net sales would Kent report related to these events?