7. Depreciation Adjustment Journal Entries: (assume the fiscal year end is 12/31/2022 ) (a.) The company needs to record $13,500 of depreciation expense for the year. What is the correct journal entry for this adjustment? (b) The company has one fixed asset, and they purchased it on 1/1/2022. The asset had an original cost of $44,000 and an estimated useful life of five years. The company estimates no salvage value at the end of the useful life. What amount needs to be recorded as depreciation expense if the company uses straight line depreciation