Casting Crown Construction entered into the following transactions during a recent year: January > Purchased a bulldozee For $200,000 by paying $20,000 cash and 100,000 note January 3 Replaced the steel tracks on the bulldoterat cost of $20,000, purchased on a January 30 wrote a cheque for the amount owed on account for the work completed on January February 1 Replaced the seat on the bulldozer and wrote chaque for the full so costo March 1 Paid $2.400 cash for the lights to use computer software for a two year period Required: 1-a. Analyze the accounting equation effects (Enter any decreases to accounts with a minus sign.) Assets Labs Date Jan 2 Jan 3 Jan 30 Feb1 Mar 1 1-b. Prepare the journal entries for each of the transactions (if no entry is required for a transaction event les "Ne journal army required in the first account field.) View transaction list ook i Purchased a bulldozer for $200,000 by paying $20,000 cash and signing a $180,000 note nonces ng 2 Replaced the steel tracks on the bulldozer at a cost of $20,000, purchased on account. 3 Wrote a cheque for the amount owed on account for the work completed on January 3 4 Replaced the seat on the bulldozer and wrote a cheque for the full 5600 cost. 5 Paid $2,400 cash for the rights to use computer software for a two-year period. 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 deprecated in the double-declining balance method with a useful life of five years and $40.000 residual value Equipment Licensing nights 3. Prepare a journal entry to record the depreciation and amortization calculated in requirement 2 of no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list 1. Record the entry for depreciation and amortization