WULUI L U WalNS) 192 The following selected items from the 2016 and 2015 balance sheets and 2016 income statement of Mehra Enterprises, Inc. Selected Comparative Balance Sheet Data Property and Equipment, cost PPE Accumulated Depreciation Retained Earnings ( 2016 $ 84,787,771 60,151,353 18,886,264 2015 $ 80,132,394 - 4653322 57,852.7702248582 17,319,003 Selected Income Statement Data - 22/8587 Depreciation Expense Gain on Sale of Property and Equipment Net Income Expendt Required: 2016 $ 3,194,956 99,483 3,044.768 Au 816773 5,559, 183 ??? 1 a. (5 marks) Using the selected items above, what will be your best estimate Mehra Enterprises reported for each of the following in 2016? (0) (1 mark) Original cost of the property and equipment that Mehra Enterprises sold during 2016 ANSWER: S_903806 v 5558 183 - 465377 () (2 marks) Accumulated depreciation on that sold property and equipment at the time of sale Accumulated De ANSWER:$_896,313 V 3184esb Accumulated of 1 Depreciation - 22P 8583 PRE Dep Sale of expense