Check my work 3 Required information [The following information applies to the questions displayed below) Precision Construction entered into the following transactions during a recent year January 2 Purchased a bulldozer for $288,000 by paying $39,000 cash and signing a January 3 Replaced the steel tracks on the bulldozer at a cost of $39,000, purchased on January 30 Wrote a check for the amount owed on account for the vork completed on January February 1 Repaired the leather seat on the bulidozer and vrote a check for the full 20 $249,000 note due in five years. account. The new steel tracks inerease the bulldozer's operating efficiency. $2,700 cost March 1 Paid $15,000 cash for the rights to use computer software for a two-year period 1-b. Prepare the journal entries for each of the above transactions. 2. For the tangible and intangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization that Precision Construction should report for the quarter ended March 31. The equipment is depreciated using the double-declining-balance method with a useful life of five years and $59,000 residual value. 3. Prepare a journal entry to record the depreciation and amortization calculated in requirement 2 Complete this question by entering your answers in the tabs below For the tangible and intangible assets acquired in the preceding transactions, the double-declining-balance method with a useful life of five years and $59,000 residual value. (Do not round intermediate of and on should report for the quarter ended March 31. The equipment is depreciated using C Req 18 Req 3