What is the gross balance of depreciable property and equipment (PP\&E) at the end of 2022 (land and construction in progress are not considered depreciable)? In Note 1 , you have the Accumulated Amortization for intangible assets. Assume the change in Accumulated Amortization amount is only due to the 2022 Amortization expense. Determine the depreciation expense for the PP\&E for 2022. Estimate the average age of all depreciable PP\&E (only in aggregate across all asset types, not asset-by-asset). Assume straight-line depreciation and zero salvage values. (10 points) in millions, except per share data Net sales Cost of sales Gross profit Operating expenses: Selling, general and administrative Depreciation and amortization Total operating expenses Operating income Interest and other (income) expense: Interest income and other, net Interest expense Interest and other, net Earnings before provision for income taxes Provision for income taxes Net earnings Basic weighted average common shares Basic earnings per share $1,02216.741,054$1,07415.59$11.98 Diluted weighted average common shares Diluted earnings per share CONSOLIDATED STATEMENTS OF CASH FLOWS Cash Flows from Financing Activities: Our intangible asset amortization expense was immaterial for fiscal 2022, fiscal 2021, and fiscal 2020. What is the gross balance of depreciable property and equipment (PP\&E) at the end of 2022 (land and construction in progress are not considered depreciable)? In Note 1 , you have the Accumulated Amortization for intangible assets. Assume the change in Accumulated Amortization amount is only due to the 2022 Amortization expense. Determine the depreciation expense for the PP\&E for 2022. Estimate the average age of all depreciable PP\&E (only in aggregate across all asset types, not asset-by-asset). Assume straight-line depreciation and zero salvage values. (10 points) in millions, except per share data Net sales Cost of sales Gross profit Operating expenses: Selling, general and administrative Depreciation and amortization Total operating expenses Operating income Interest and other (income) expense: Interest income and other, net Interest expense Interest and other, net Earnings before provision for income taxes Provision for income taxes Net earnings Basic weighted average common shares Basic earnings per share $1,02216.741,054$1,07415.59$11.98 Diluted weighted average common shares Diluted earnings per share CONSOLIDATED STATEMENTS OF CASH FLOWS Cash Flows from Financing Activities: Our intangible asset amortization expense was immaterial for fiscal 2022, fiscal 2021, and fiscal 2020