Uno Company sold office equipment with a cost of $39,490 and accumulated depreciation of $35,958 for $5,510. Required a. What is the book value of the asset at the time of sale? b. What is the amount of gain or loss on the disposal? (Loss amount should be indicated with a minus sign.) c. How would the sale affect net income (increase, decrease, no effect) and by how much? d. How would the sale affect the amount of total assets shown on the balance sheet (increase, decrease, no effect) and by how much? e. How would the event affect the statement of cash flows (inflow, outflow, no effect) and in what section? a. Book value b. Gain (loss) on sale C. Net income would d. Total assets would e. Cash flow would Section by by by Colorado Mining paid $700,000 to acquire a mine with 50,000 tons of coal reserves. The financial statements model shown on the last tab reflects Colorado Mining's financial condition just prior to purchasing the coal reserves. The company extracted 26,250 tons of coal in year 1 and 22,500 tons in year 2. Required a. Compute the depletion charge per unit. b-1. Compute the depletion expense for years 1 and 2 in a financial statements. b-2. Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model. Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Reg A Req B1 Req B2 Compute the depletion expense for years 1 and 2 in a financial statements. Depletion Expense Compute the depletion charge per unit. Depletion charge per unit per ton. Year 1 Year 2 Req A Req A Req B1 Req B2 Record the acquisition of the coal reserves and the depletion expense for years 1 and 2 in a financial statements model. (In the Cash Flow c operating activity, IA for investment activity, or FA for financing activity. If the element is not affected by the event, leave the cell blank. Ent balances and cash outflows with a minus sign. Round final answers to the nearest whole dollar amount. Not all cells will require entry.) COLORADO MINING Horizontal Statements Model Balance Sheet Income Statement Assets Stockholders' Equity Cash Coal Reserves Liabilities + Common Retained Revenue Expenses Net Income Statement of Cash Flows Stock Earnings Acquisition of coal reserves 756,700+ Depletion for Year 1 Depletion for Year 2 = + 756,700 + + +