Current Attempt in Progress Presented here are selected transactions for Wildhorse Limited for 2018. Wildhorse uses straight-line depreciation and records adjusting entries annually. Jan. 1 Sold a delivery truck for $19.420 cash. The truck cost $66,900 when it was purchased on January 1, 2015, and was depreciated based on a four-year useful life with a $6,220 residual value. Sept. 1 Sold computers that were purchased on January 1, 2016. They cost $11,745 and had a useful life of three years with no residual value. The computers were sold for $450 cash. Dec. 30 Retired equipment that was purchased on January 1, 2009. The equipment cost $153,900 and had a useful life of 10 years with no residual value. No proceeds were received. Part 1 Record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Part 1 Record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 Sept. 1 (To record depreciation expense) (To record the sale of equipment for cash) Dec. 30 (To record the sale of equipment for cash) Dec. 30 (To record depreciation expense) (To record the retirement of equipment) The Coca-Cola Company and PepsiCo reported the following selected ratios in a recent year: PepsiCo The Coca-Cola Company 7.8% Return on assets 8.8% Asset turnover 0.5 times 0.9 times Based on these tworptios, calculate the profit margin of each company. (Round answers to 1 decimal place, e g. 52.7.) The Coca-Cola Company PepsiCo