How do you know what put in the balance sheet I don't understand Balance Sheet Accounts
100 Assets 110 Cash
112 Accounts Receivable
115 Inventory
116 Estimated Returns Inventory
117 Office Supplies
118 Prepaid Insurance 120 Land
123 Store Equipment
124 Accumulated Depreciation —Store Equipment
125 Office Equipment
Income Statement Accounts
400 Revenues
410 Sales
500 Costs and Expenses
510 Cost of Goods Sold
520 Sales Salaries Expense 521 Advertising Expense
522 Depreciation Expense— Store Equipment
523 Delivery Expense
529 Miscellaneous Selling Expense
530 Office Salaries Expense
531 Rent Expense
126 Accumulated Depreciation —Office Equipment
200 Liabilities
210 Accounts Payable
211 Salaries Payable
212 Unearned Rent
213 Customer Refunds Payable
215 Notes Payable 300 Stockholders’ Equity
310 Common Stock 311 Retained Earnings 312 Dividends
532 Depreciation Expense— Office Equipment
533 Insurance Expense
534 Office Supplies Expense
539 Misc. Administrative Expense
600 Other Revenue 610 Rent Revenue
700 Other Expense
710 Interest Expense

The gilbert instrument corporation is considering replacing the wood steamer it currently uses to shape guitar sides. the steamer has 6 years of remaining life. if kept, the steamer will have depreciaiton expenses of $650 for five years and $325 for the sixthyear. its current book value is $3,575, and it can be sold on an internet auction site for$4,150 at this time. if the old steamer is not replaced, it can be sold for $800 at the endof its useful life. gilbert is considering purchasing the side steamer 3000, a higher-end steamer, whichcosts $12,000 and has an estimated useful life of 6 years with an estimated salvage value of$1,500. this steamer falls into the macrs 5-year class, so the applicable depreciationrates are 20.00%, 32.00%, 19.20%, 11.52%, 11.52%, and 5.76%. the new steamer is fasterand allows for an output expansion, so sales would rise by $2,000 per year; the newmachine's much greater efficiency would reduce operating expenses by $1,900 per year. to support the greater sales, the new machine would require that inventories increase by$2,900, but accounts payable would simultaneously increase by $700. gilbert's marginalfederal-plus-state tax rate is 40%, and its wacc is 15%.a. should it replace the old steamer? b. npv of replace = $2,083.51