SP $8$ Serial Problem Business Solutions $($Algo$)$ LO P$1,$ A$1$

Selected ledger account balances for Business Solutions follow.

For Three Months Ended December $31,2021$ For Three Months Ended March $31,2022$

Office equipment $ $8,600$ $ $8,600$

Accumulated depreciation$$Office equipment $430860$

Computer equipment $16,00016,000$

Accumulated depreciation$$Computer equipment $1,0002,000$

Total revenue $31,68445,500$

Total assets $84,460121,568$

Required: