Benson Inc. has two assets and depreciates them yearly using the straight-line method. The company's year-end is December 31. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (i.e., January 15 would be 15/Jan). Please make sure your final answer(s) are accurate to 2 decimal places. Scenario 1: A warehouse that cost $130,000 with a residual value of $10,000 is being depreciated over 20 years. On January 1, 2015, an additional wing was constructed for $120,000. At the time of the construction, the warehouse was 15 years old. The estimated life of the wing, considered separately from the original warehouse, is 10 years, and $15,000 is its estimated residual value. Record these entries:

1. The addition to the warehouse (cash was paid).
2. One year's depreciation on the warehouse's addition on December 31, 2015.
3. Depreciation on the original warehouse on December 31, 2015.
4. Assume that the warehouse and addition were sold on December 31, 2016, $149,000 cash. Record the entry for sale if, at the time of sale, the fair value of the original warehouse is $72,000, and the fair value of the addition is $77,000. Assume that the adjusting entries for 2016 have already been completed. Show the amount for gain/loss for the warehouse and addition as separate accounts.

General JournalPage G9DateAccount/ExplanationPRDebitCredit

Scenario 2: On January 1, 2011, equipment that cost $19,000 was purchased. It had a useful life of 5 years with a residual value of $2,000. On June 30, 2015, the equipment was sold for $16,000. Record these entries:

1. Current year's depreciation to the date of sale.
2. The entry for the sale.