6 Required Informetion PA9-3 Analyzing and Recording Long-Lived Asset Treansactions with Partial-Year Depreclation [LO 9-2, LO 9-3, LO 9-6) [The folowing nformarion applies to the questions displeyed below Precision Construction entered Into the following transactions during a recent year January 2 Purchased a bulldozer for $25e, eee by paying $28,0ee cash and signing a $238,e note due in five years Part 2of 2 polnts anuary 3 Replaced the steel tracks on the bulldozer at a cost of sze,ee, purchased on account. The new steel tracks increase the buildozer's operating efficiency January wete check for the amount oied on account for te idric corpleted on January 3, February 1 Repaired the leather seat on the bulldozer and wrote a check for the full $000 cost. March 1 Pald $3,680 cash for the rights to use conputer softhare for a tho-year period. PA9-3 Part 1-b to 3 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 depreciason 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 $40,000 residual value. 3. Prepare a journal entry to record the depreciation and amortization calculated in requirement 2 0 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req 18 Req 2 Rea 3 Prepare a journal entry to record the depreciation and amortization calculated in requirement 2. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) March 31 27000 Amortizabon Expense 27 000 O 150