Problem 9-7A Calculating depreciation LO2 Use the following table: $ 729,900 Big Sky Farms Partial Balance Sheet April 30, 2029 Property, plant and equipment: Land Building? Less: Accumulated depreciation Equipment Less: Accumulated depreciation Total property, plant and equipment $728,900 572,990 660,889 279,849 156,000 380, 160 $1,256,160 The building was purchased on May 3, 2009, and is depreciated to the nearest whole month using the straight-line method Depreciation is based on a 14-year life, after which it will be demolished and replaced with a new one. 2The equipment was purchased on November 3, 2017, and is depreciated to the nearest whole month using the double-declining- balance method. The total estimated useful life is 10 years with a residual value of $200,000. Required: 1. Calculate and record depreciation for the year just ended April 30, 2021, for both the building and equipment View transaction list Journal entry worksheet Record the depreciation for the building, for the year ended April 30, 2021. Note: Enter debit before credits General Journal Date Apr 30 2021 Debit Credit Record the depreciation for the building, for the year ended April 30, 2021, Note: Enter debits before credits. Debit General Journal Date Credit Apr. 30, 2021 Record entry Clear entry View general journal 2. Prepare the property, plant, and equipment section of the balance sheet at April 30, 2021 BIG SKY FARMS Partial Balance Sheet April 30, 2021 Property, plant and equipment: Land Building 0 Ecument 0 Total property plant and equipment