a on Januaryt purchased a patent for $4600 cashlestimated useful tehtyears On January purchased the assets not detailed of another business for $157000 cash including $14000 for goodwi The company assumed nobis Goodw i nden On December 3t constructed a storage shed on land leased from D Head The cost was $28.600. The company uses straight line depreciation The case will experiment years. Amo spent to enhance leased property are capitalized as intangible assets called Leasehold improvements) d Total expenditures for ordinary repairs and maintenance were $5.400 during the current year e On December 31 of the current year, sold Machine A for $6.700 cash. Original cost was $16.000; accumulated depreciation straight lines to December 31 of the prior year was $9.840 ton straight line basis with a $3,700 residual value and five year useful life). You should record the effects of two separate transactions for this event On December 31 of the current year, paid $6,700 for a complete reconditioning of Machine B acquired on January 1 of the prior year. Original cost $60.500, accumulated depreciation to December 31 of the prior year was $2,600 on a straight line basis with a $8.500 residual value and 20 year useful life Bourdomo 1.25 points Required: 1. For each of these transactions, indicate the accounts, amounts, and effects (+ for increase and for decrease) on the accounting equation Date Assets Liabilities Stockholders' Equity Jan. 1 b. Jan. 1 d. Current Year (2.460) (1) Dec 31 (2) Dec 31 Dec. 31 L