SP 8 Serial Problem Business Solutions (Algo) LO P1, A1 Selected ledger account balances for Business Solutions follow office equipment Accumulated depreciation-office equipment Computer equipment Accumulated depreciation-Computer equipment Total cerene Total assete For Three Months Ended December 33, 2021 4,700 435 or Three Hot Ended March 31, 2922 58,700 870 16,000 16,000 1,000 2,000 31,334 45,600 $4,060 Required: 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 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 Required 2>