Casting Crown Construction entered into the following transactions during a recent year: January January January February March 2 Purchased a bulldozer for $220,000 by paying $21,000 cash and signing a $199, 000 note. 3 Replaced the steel tracks on the bulldozer at a cost of $22,000, purchased on account. 30 Wrote a cheque for the amount owed on account for the work completed on January 3. 1 Replaced the seat on the bulldozer and wrote a cheque for the full $1,100 cost. 1 Paid $8, 400 cash for the rights to use computer software for a two-year period. Required: 2. For the tangible and intangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization that Casting Crown Construction should report for the quarter that ended March 31. The equipment is depreciated using the double-declining-balance method with a useful life of five years and $44,000 residual value. Answer is not complete. Equipment Licensing rights 3. Prepare a journal entry to record the depreciation and amortization calculated in requirement 2. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) X Answer is not complete. No Date General Journal Debit Credit 1 Mar 31 Depreciation expense Amortization expense Accumulated depreciation (Equip.) Accumulated amortization OOOO