10 1 points Print Mean Beans, a local coffee shop, has the following assets on January 1, 2023. Mean Beans prepares annual financial statements and has a December 31, 2023 year-end. The company's depreciation policy is to use the straight-line method to depreciate its assets. a. On January 1, 2023, purchase equipment costing $15,900 with an estimated life of five years. Mean Beans will scrap the equipment after five years for $0. b. On July 1, 2023, purchase furniture (tables and chairs) costing $21,800 with an estimated life of ten years. Mean Beans estimates that it can sell the furniture for $2,300 after ten years. c. On January 1, 2021, Mean Beans had purchased a car costing $43,500 with an estimated life of eight years. Mean Beans estimates that it can sell the car for $8,700 after eight years. Required: 1-a. For each transaction, calculate the current year's annual depreciation expense. a Annual depreciation expense on equipment b. Annual depreciation expense on furniture c. Annual depreciation expense on car