Question 9.3 (Total: 27 marks)

You are reviewing the financial statements of three companies in the same industry. Specifically, you are interested in the transactions surrounding capital assets during the past year. The following information is available for the three companies.

	Apple Co.	Banana Co.	Cherry Co.
Beginning capital assets, net of depreciation	$850,500	$712,200	$488,300
Ending capital assets, net of depreciation	960,000	706,800	284,400
Depreciation expense	65,200	49,300	(c)
Gain (loss) on sale of capital assets	5,500	(b)	(16,800)
Costs of capital assets acquired	230,600	128,000	55,600
Proceeds from sale of capital assets	(a)	72,500	184,900

Required

1. Compute the unknowns.