SP 8 Serial Problem Business Solutions (Algo) LO P1, A1 Selected ledger account balances for Business Solutions follow. For Three Months Ended December 31, 2021 For Three Months Ended March 31, 2022 Office equipment $ 7,500 $ 7,500 Accumulated depreciationOffice equipment 375 750 Computer equipment 14,000 14,000 Accumulated depreciationComputer equipment 875 1,750 Total revenue 31,484 44,200 Total assets 84,060 120,568 Required: 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 expenseOffice equipment and for Depreciation expenseComputer equipment (assume use of the straight-line method). 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? Compute the three-month total asset turnover for Business Solutions as of March 31, 2022