The Thompson Corporation, a manufacturer of steel products, began operations on October 1, 2022. 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 Note: Use tables, Excel, or a financial calculator. (EV of $1. PV of $1. EVA of $1 PVA of $1, FVAD of $1 and PVAD of 51) 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 $882,500 for the land and building c. together. At the time of acquisition, the land had a fair value of $97,000 and the building had a fair value of $873,000 Land B was acquired on October 2, 2022, in exchange for 3,700 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 $32 per share. During October 2022, Thompson paid i $11,100 to demolish an existing building on this land so it could construct a new building d. Construction of Building B on the newly acquired land began on October 1, 2023. By September 30, 2024, Thompson had paid $280,000 of the estimated total construction costs of $370,000. Estimated completion and occupancy are July 2025. e. Certain equipment was donated to the corporation by the city. An independent appraisal of the equipment when donated placed the fair value at $18,800 and the residual value at $2,700. f Equipment A's total cost of $114,200 includes installation charges of $620 and normal repairs and maintenance of $11,000. Residual value is estimated at $9,000. Equipment A was sold on February 1, 2024 g. On October 1, 2023, Equipment B was acquired with a down payment of $4,700 and the remaining payments to be made in 10 annual installments of $4,700 each beginning October 1, 2024 The prevailing interest rate was 9% Required: Supply the correct amount for each answer box on the schedule Note: Round your intermediate calculations and final answers to the nearest whole dollar. Answer is complete but not entirely correct. THOMPSON CORPORATION Fixed Asset and Depreciation Schedule For Fiscal Years Ended September 30, 2023, and September 30, 2024 Assets Acquisition Date CandA Building A 10/1/2022 10/1/2022 1400010: Cost Residual Depreciation Method Estimated Life in Years Depreciation for Year Ended 9030 2023 88.250 O 754250573550 NA not applicable Straight line NA N/A 2024 N/A 4905 14,700 S 14.700 MIA MIK MIA MA Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completi d. Construction of Building B on the newly acquired land began on October 1, 2023. By September 30, 2024, Thompson had paid $280,000 of the estimated total construction costs of $370,000. Estimated completion and occupancy are July 2025 e. Certain equipment was donated to the corporation by the city. An independent appraisal of the equipment when donated placed the fair value at $18,800 and the residual value at $2,700. t Equipment A's total cost of $114,200 includes installation charges of $620 and normal repairs and maintenance of $11,000. Residual value is estimated at $9,000. Equipment A was sold on February 1, 2024 g On October 1, 2023, Equipment B was acquired with a down payment of $4,700 and the remaining payments to be made in 10 annual installments of $4700 each beginning October 1, 2024. The prevailing interest rate was 9% Required: Supply the correct amount for each answer box on the schedule. Note: Round your intermediate calculations and final answers to the nearest whole dollar. Answer is complete but not entirely correct. THOMPSON CORPORATION Fixed Asset and Depreciation Schedule For Fiscal Years Ended September 30, 2023, and September 30, 2004 Assets Acquation Date Cost Residual Depreciation Method Estimated Life in Years Depreciation for Year Ended 5/30 2023 2024 Land A 10/1/2922 88,250 O NA not applicable Building A 10/1/2022 Land B 10/2/2019 794,250 73.950 129,500 O Straight line NA 403 N/A not applicatio NA NIA 14,700 N/A N/A 14.700 O N/A Building B Under construction 200,000 date Straight line 30 Donated Equipment 10/2/2022 18.000 O Equipment A 10/2/2022 193200 O 2,700 5.000 200% Declining balance 10 3.700 O 3,000 O Sight 30 9420 O 9.420 O Equipment B 10/1/2003 34.065 O 15 2.304 O