Comp Prob SP 8 Saved Selected ledger account balances for Business Solutions follow 1 For Three Months For Three Months Ended December 31, Ended March 31, 2018 2017 office equipment Accumulated depreciation-office equipment Computer equipment Accumulated depreciation-Computer equipment 7,700 7,700 385 770 22,000 22,000 2,750 45,700 122,168 1,375 Total revenue Total assets 31,784 82,660 Required: 1. Assume that Business Solutions does not acquire additional office equipment or computer equipment in 2018. Compute amounts for the year ended December 31, 2018, for Depreciation expense-Office equipment and for Depreciation expense--Computer equipment (assume use of the straight-line method) Depreciation Expense Office equipment Computer equipment 2. Given the assumptions in part 1, what is the book value of both the office equipment and the computer equipment as of December 31, 2018? Book Value Office equipment Computer equipment 3. Compute the three-month total asset turnover for Business Solutions as of March 31, 2018. (Round your answer to 2 decimal places.) Total asset turnover times