SP 10 Serial Problem Business Solutions (Algo) LO P1, A1 Selected ledger account balances for Business Solutions follow. For Three Months Ended December 31, 2021 $ 7,100 355 For Three Months Ended March 31, 2022 $ 7,100 710. Office equipment Accumulated depreciation-Office equipment Computer equipment Accumulated depreciation-Computer equipment Total revenue Total assets Required: 12,000 750 12,000 1,500 31,534 82,960 44,300 121,668 1. Assume that Business Solutions does not acquire additional office equipment or computer equipment in 2022. Compute amounts for the year ended December 31, 2022, for Depreciation expense-Office equipment and for Depreciation expense-Computer equipment (assume use of the straight-line method). 2. Given the assumptions in part 1, what is the book value of both the office equipment and the computer equipment as of December 31, 2022? 3. Compute the three-month total asset turnover for Business Solutions as of March 31, 2022 Complete this question by entering your answers in the tabs below. Required 11 Required 2 Required 3 Assume that Business Solutions does not acquire additional office equipment or computer equipment in 2022. Compute Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Assume that Business Solutions does not acquire additional office equipment or computer equipment in 2022. Compute amounts for the year ended December 31, 2022, for Depreciation expense-Office equipment and for Depreciation expense- Computer equipment (assume use of the straight-line method). Depreciation Expense Office equipment Computer equipment 3. Compute the three-month total asset turnover for Business Solutions as of March 31, 2022 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Given the assumptions in part 1, what is the book value of both the office equipment and the computer equipment as of December 31, 2022? Office equipment Computer equipment Book Value ces Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the three-month total asset turnover for Business Solutions as of March 31, 2022. (Round your answer to 2 decimal places.) Total asset turnover times Required 2 Reque