Willis Bus Service traded in a used bus for a new one. The original cost of the old bus was $53,700. Accumulated depreciation at the time of the trade-in amounted to $35.400. The new bus cost $73,000 but Willis was given a trade-in allowance of $10,100. a. What amount of cash did Willis have to pay to acquire the new bus? b. Compute the gain or loss on the disposal for financial reporting purposes Complete this question by entering your answers in the tabs below. Required A Required B What amount of cash did Willis have to pay to acquire the new bus? Payment of cash Required 8 > Salter Mining Company purchased the Northern Tier Mine for $52 million cash. The mine was estimated to contain 293 million tons of ore and to have a residual value of $1.6 million During the first year of mining operations at the Northern Tier Mine, 95,000 tons of ore were mined, of which 12,000 tons were sold. a. Prepare a journal entry to record depletion during the year b. Show how the Northern Tier Mine, and its accumulated depletion would appear in Salter Mining Company's balance sheet after the first year of operations. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a journal entry to record depletion during the year. (Round your intermediate calculations to two decimal places. If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the depletion on the Northern Ter Mine. tenter debit borcu Transaction Genealournal Dub Credit Cewer every View general al