Casting Crown Construction entered into the following transactions during a recent year: January 2 Purchased a bulldozer for $226,000 by paying $21,300 cash and signing a $204,700 note. January 3 Replaced the steel tracks on the bulldozer at a cost of $22,600, 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 $1,250 cost. March 1 Paid $10,200 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.) Assets Liabilites Shareholder's Equity Date Jan. 2 Jan. 3 Jan. 30 Feb. 1 Mar. 1 1-b. Prepare the journal entries for each of the transactions. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) 2. For the tangible and Intangible assets acquired in the preceding transactions, determine the amount of depreciation and View transaction list 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 $45,200 residual value. Journal entry worksheet Equipment Licensing rights Record the entry for depreciation and amortization