Casting Crown Construction entered into the following transactions during a recent year. January 2 Purchased a bulldozer for $220,000 by payine 521,0 cash and sing a $199.000 note January 3 Replaced the steel tracks on the bulldozerat cost of 522.00 purchased on account January Wrote achegue for the mounted on account for the work completed a laruary Tebruary 1 Replaced the seat on the builder and wrote thee for the full $1,100 cost March 1 Paid $8,00 tash for the rights to se computer software for a two-year period Required: 1-o. Analyze the accounting equation effects. (Enter any decreases to accounts with a minus sign) Date Annets Jan 2 Jan. I 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.) View transaction list x ng a 1 Purchased a bulldozer for $220,000 by paying $21,000 cash and signing a $199,000 note. 2 Replaced the steel tracks on the bulldozer at a cost of $22,000, 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 $1,100 cost. Pald $8,400 cash for the rights to use computer software for a two-year period. Credit Note: journal entry has been entered Record entry Clear entry View general Journal 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 using the double-declining balance method with a useful life of five years and 544,000 residual value. Equipment Licensing rights 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 Journal entry worksheet Record the entry for depreciation and amortization, Note Gebits before Credit General