Use the following table: $ 780,000 Big Sky Farms Partial Balance Sheet April 30, 2020 Property, plant and equipment: Land Building Less: Accumulated depreciation Equipment Less: Accumulated depreciation Total property, plant and equipment $700,000 550,000 640,000 271, 360 150,000 368,640 $1,218,640 'The building was purchased on May 3, 2009, and is depreciated to the nearest whole month using the straight-line method. Depreciation is based on a 14-year life, after which it will be demolished and replaced with a new one. 2The equipment was purchased on November 3, 2017, and is depreciated to the nearest whole month using the double declining- balance method. The total estimated useful life is 10 years with a residual value of $200,000. Required: 1. Calculate and record depreciation for the year just ended April 30, 2021, for both the building and equipment. View transaction list View journal entry worksheet No Date General Journal Debit Credit Lab Record entry Clear entry View general journal 2. Prepare the property, plant, and equipment section of the balance sheet at April 30, 2021. (Enter all amounts as positive valus) BIG SKY FARMS Partial Balance Sheet April 30, 2021 Property, plant and equipment: Land Building 0 Equipment $ 0 Total property, plant and equipment 244 PM Next > ENG 11 of 28