The following information is available for Bailey Company for $2019$:

On January $2,2014,$ Bailey paid property taxes amounting to $$60,000$on its plant and

equipment for the calendar year $2019.$ In late March $2019$ Bailey made major repairs to its

machinery amounting to $$66,000.$ These repairs will benefit the remainder of the calendar year's operations.

An inventory loss of $$150,000$ from market decline occurred in August $2014.$ Bailey recorded this loss in August $2019$ after its June $30$ quarterly report was issued. None of this

loss had been recovered by the end of $2019.$

At the end of July $2019,$ Bailey sold some equipment with a book value of $$22,000$ for $$32,500.$

Required:

State the dollar amounts that should appear in Bailey Company's March $31,$ June $30,$ September $30,$

and December $31,2019,$ quarterly financial statements to report:

A$.$ Property taxes.

B$.$ Major repairs to machinery.

C$.$ Inventory loss from market decline.

D$.$ The gain or loss on sale of equipment.

$($AICPA adapted$)$