Swifty made extensive repairs on an existing building and added a new section. The building is a garage and repair facility for delivery trucks that serve the local area. The existing building originally cost $820,000, and by the end of last year, it was half depreciated on the basis of a useful life of 20 years and no residual value. Assume straight-line depreciation was used. During the year, the following expenditures related to the building were made: Ordinary repairs and maintenance expenditures for the year, $17,000 paid in cash. Extensive and major repairs to the roof of the building, $120,000 paid in cash. These repairs were completed on December 31 of the current year. The new section, completed on December 31 of the current year at a cost of $230,000 paid in cash, has an estimated useful life of nine years and no residual value Building Accumulated Depreciation Depreciation Expense Repair expense Cash Balance, Jan. 1 820000 410000 Depreciation for the year Balance prior to expenditures 820000 410000 Expenditure a. Expenditure b. Expenditure c. Balance, Dec. 31 820000 410000