The following information applies to the questions displayed below. Fausett Electronics, Inc., headquartered in Richfield, Minnesota, is one of the leading consumer electronics retailers, operating more than 1,000 stores in the United States, Europe, Canada, China, and Mexico. The following was reported in a recent annual report: CONSOLIDATED BALANCE SHEETS S in millions) Current Year Prior Year ASSETS Property and Equipment Land and buildings Leasehold improvements Fixtures and equipment Property under capital lease $ 764 2,020 4,071 122 6,977 2,783 194 s 726 1,752 3,053 49 5,580 2.284 3,296 Less accumulated depreciation Net property and equipment Required information 100 points Required: 1. Assuming that Best Buy did not sell any property, plant, and equipment in the current year, what was the amount of depreciation expense recorded during the current year? (Enter your answer in millions) milion 2. Assume that Best Buy failed to record depreciation during the current year. Indicate the effect of the error (oe., overstated or understated) on the following ratios: (Select "NE" if there is no effect.) a. Eamings per share. Overstated b. Fixed asset tumover C. 1 Current ratio d. Return on assets. Overstated