3 Precision Construction entered into the following transactions during a recent year anuary 2 Purchased a bulldozer for $258,000 by paying $24,000 cash and signing a $234,ee0 note due in five years anuary 3 Replaced the steel tracks on the bulldozer at a cost of $24,800, purchased on account. The new steel tracks increase the bulldozer's operating efficiency 20 polnts anuary 30 Wrote a check for the amount owed on account for the work completed on January 3 February 1 Repaired the leather seat on the bulldozer and wrote a check for the ful1 $1,20e cost. March 1 Paid $6,000 cash for the rights to use computer software for a two-year period eBook 1-b. Prepare the journal entries for each of the above transactions 2. For the tangible and intangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization that Precision Construction should report for the quarter ended March 31. The equipment is depreciated using the double-declining-balance method with a useful life of five years and $44,000 residual value Print 3. Prepare a journal entry to record the depreciation and amortization calculated in requirement 2. Complete this question by entering your answers in the tabs below Req 1B Req 2 Req 3 Prepare the journal entries for each of the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 4