A laboratory centrifuge costs $79,000 and has a $5530 salvage value with an 8-year recovery period. The estimated annual operating cost is $7000 per year. Use the double declining balance method with switch over to straight line to tabulate the depreciation schedule at the end of each year. Fill in the missing values in the table below. Year BVk1 DBL SL dk 1 79,000.00 19,750.00 19,750.00 2 59,250.00 14,812.50 7674.29 14,812.503 44,437.50 11,109.38 6484.58 11,109.384 33,32812 8332.03 5559.62 8332.035 24,996.09 6249 02 4866.52 6249.026 18,747 07 4686.77 4686.77 7 14,060.30 3515.08 8 9795.15 4265.15 4265.15

Powell company began the 2018 accounting period with $40,000 cash, $86,000 inventory, $60,000 common stock, and $66,000 retained earnings. during 2018, powell experienced the following events: sold merchandise costing $58,000 for $99,500 on account to prentise furniture store. delivered the goods to prentise under terms fob destination. freight costs were $900 cash. received returned goods from prentise. the goods cost powell $4,000 and were sold to prentise for $5,900. granted prentise a $3,000 allowance for damaged goods that prentise agreed to keep. collected partial payment of $81,000 cash from accounts receivable. required record the events in a statements model shown below. prepare an income statement, a balance sheet, and a statement of cash flows. why would prentise agree to keep the damaged goods?