Delicious Cakes is one of the well-known local bakery shops in downtown. On February 1, 2021, Delicious Cakes purchased baking equipment for $32,020. The equipment is expected to last 3 years and will have a residual value of $700. Delicious Cakes has a December 31 year end and calculates depreciation based on the number of months the asset is owned.

Required

Prepare the table below showing the yearly depreciation, accumulated depreciation, and net book value of the equipment.

Do not enter dollar signs or commas in the input boxes.

Round your answers to the nearest whole number.

Year	Original Cost of Equipment	Depreciation Expense	Accumulated Depreciation	Net Book Value
2021	Answer	Answer	Answer	Answer
2022	Answer	Answer	Answer	Answer
2023	Answer	Answer	Answer	Answer
2024	Answer	Answer	Answer	Answer