Brief Exercise 232 Pharoah Company uses the straight-line method of depreciation. The company's fiscal year end is December 31. The following transactions occurred during 2022. Jan. 1 Purchased equipment from the Novak Corp. for $40,000 plus sales tax of $3,600 and shipping costs of $720. May 13 incurred $448 routine maintenance on the equipment. Dec. 31 Recorded 2022 depreciation on the basis of a 3 year we and estimated salvage value of $15.520 Prepare the necessary entries. (Credit account ties are automatically indented when the amount is ente Date Account Titles and Explanation Credit Click if you would like to show Work for the question Open Show Work