Check my work The following transactions and adjusting entries were completed by a paper packaging company called Gravure Graphics International during 2018 and 2019. The company uses straight-line depreciation for trucks and other vehicles double-declining balance depreciation for buildings, and straight-line amortization for patents 2018 January 2 Paid 597,000 cash to purchase storage shed components January 1 paid $4,000 cash to have the storage shed erected. The storage shed has an estimated life of 10 years and residual value of $7.000 April 1 Paid 543,000 cash to purchase pickup truck for use in the business. The truck has an estimated useful life of five years and a residual value of $5.000. May 13 Paid $700 cash for minor repairs to the pickup truck's upholstery July 1 Pald 518,000 cash to purchase patent rights on a new paper bag manufacturing process. The patent is estimated to have remaining useful life of five years December 31 Recorded depreciation and anortization on the pickup truck, storage shed, and patent 2010 June 30 sold the pickup truck for $37,00 cash. (Record the depreciation on the truck prior to recording its disposal.) December 31 Recorded depreciation on the storage shed. Also determined that the patent was inpaired and wrote off its remaining book value (1... wrote down the book value to zero). Required: Prepare the journal entries required on each of the above dates. If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field. Do not round intermediate calculations.) Answer is not complete. NO General Journal Gradit Dehit 97.000 1 January 02, 2018 Building Cash 97,000 2 4.000 January 03, 2018 Building Cath OO 4,000 3 April 01, 2018 48,000 Equipment Cash 48,000 4 May 13, 2018 700 Repairs and Maintenance Expense Cash 700 5 July 01. 2018 18,000 Patent Cash 18.000 O G December 31, 201 Depreciation Expense Amortization Expense Accumulated Depreciation-Buildings Accumulated Depreciation Equipment ooo 6 6 December 31, 201 Depreciation Expense Amortation Expense Accumulated Depreciation-Buldinge Accumulated Depreciation Equipment OOOO 3.57 po June 30, 2019 Cash Accumulated Depreciation Equipment December 31, 201 Depreciation Expense Accumulated Depreciation Buildings O 10 December 31, 201 Amortization Expense Accumulated Amortation . 11 December 31, 201 Accumulated Amortation Patent OO 12 December 31, 201 impairmentos Patent @ @