The Thompson Corporation, a manufacturer of steel products, began operations on October 1, 2016. The accounting department of Thompson has started the fixed-asset and depreciation schedule presented below. You have been asked to assist in completing this schedule. In addition to ascertaining that the data already on the schedule are correct, you have obtained the following information from the company's records and personnel (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1 (Use appropriate factor(s) from the tables provided.): a. Depreciation is computed from the first of the month of acquisition to the first of the month of disposition b. Land A and Building A were acquired from a predecessor corporation. Thompson paid $902,500 for the land and building together. At the time of acquisition, the land had a fair value of $79,200 and the building had a fair value of $910,800. c. Land B was acquired on October 2, 2016, in exchange for 3,900 newly issued shares of Thompson's common stock. At the date of acquisition, the stock had a par value of $5 per share and a fair value of $34 per share. During October 2016, Thompson paid d. Construction of Building B on the newly acquired land began on October 1, 2017. By September 30, 2018, Thompson had paid e. Certain equipment was donated to the corporation by the city. An independent appraisal of the equipment when donated placed f. Machine A's total cost of $108,000 includes installation charges of $640 and normal repairs and maintenance of $12,800. Residual g. On October 1, 2017, Machine B was acquired with a down payment of $4,900 and the remaining payments to be made in 10 annual $11,300 to demolish an existing building on this land so it could construct a new building. $300,000 of the estimated total construction costs of $390,000. Estimated completion and occupancy are July 2019. the fair value at $19,600 and the residual value at $2,900. value is estimated at $6,100. Machine A was sold on February 1, 2018 installments of $4,900 each beginning October 1, 2018. The prevailing interest rate was 8%. Required: Supply the correct amount for each answer box on the schedule. (Round your final answers to nearest whole dollar.) OMPSON CORPORATI Fixed Asset and Depreciation Schedule For Fiscal Years Ended September 30, 2017, and September 30, 2018 Acquisition Date Depreciation for Estimated Year Ended 9/30 Cost Residual Depreciation Assets Method Life in Years 2017 2018 Land A Building A Land B Building B 10/1/16 101/16 102/16 Under 10/2/16 10/2/16 NIA SL NIA NIA NIA NIA NIA 85,300 NIA 14,900 NIA NIA 30 10 NIA construction 300,000 to 50% Declining balance years ated 2,900 Machine A 6,100 Machine B SL 15