Adjusting Entry #2: Office Equipment contributed to the business by Ryan must be depreciated. It has been determined that the office equipment has an expected useful life of 7 years with a $1,000 salvage value, and it will be depreciated using the straight-line method: Adjusting Entry #3: Computer Equipment purchased by Computer Doctor must be depreciated. It has been determined that the computer equipment has an expected useful life of 5 years with no salvage value, and it will be depreciated using the straight-line method: Adjusting Entry #4: Ryan made an adjusting entry on January 31, 2018 for the increase in income taxes based on the tax rate in use and the amount of pre-tax net income at the end of the month after the above three adjusting entries have been entered Hint: This amount will appear on the income statement. On the balance sheet, change Cell D18 to ='Adjusting Journal'!G21. The financial statements should now be updated as of the end of the period, and should look as follows