Casting Crown Construction entered into the following transactions during a recent year. January 2. Purchased a bulldozer for $200.000 by paying $20,000 cash and signing a $150,000 note. January 3 Replaced the steel tracks on the bulldozer at a cost of $20,eco, purchased on account. January 30 Wrote a cheque for the amount owed on account for the work completed on January 3. February 1 Replaced the seat on the bulldozer and wrote a cheque for the full $600 cost. March 1 Paid 52,400 cash for the rights 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) Assas Date Jan 2 Shareholder's Euty Jan Jan 30 Feb1 Mar 1 6 Fof 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 $40,000 residual value. Equipment Licensing nights oped 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.) rences View transaction lit Journal entry worksheet Record the entry for depreciation and amortization Note: Enter debit before credits