During the current year ending on December 31, BSP Company completed the following transactions: a. On January 1, purchased a patent for $23,500 cash (estimated useful life, five years). b. On January 1, purchased another business for $165,000 cash, including $6,000 for goodwill. The assets included accounts receivable with a fair value of $10,000 and property and equipment with a fair value of $149,000 (with a residual value of $15,645 and estimated useful life of 10 years). The company assumed no liabilities. Goodwill has an indefinite life. c. On December 31, constructed a storage shed on land leased from D. Heald. The cost of the shed was $27,600. The company uses straight-line depreciation. The lease will expire in three years. (Amounts spent to enhance leased property are capitalized as intangible assets called Leasehold Improvements.) d. Total expenditures for ordinary repairs were $6,400 during the current year. e. On December 31 of the current year, sold Machine A for $6,900 cash. Original cost was $21,000; accumulated depreciation to December 31 of the prior year was $12,880 (on a straightline basis with a $4,900 residual value and five-year useful life). Record the depreciation expense in transaction e(1) and the sale in transaction e(2). f. On December 31 of the current year, paid $6,600 for a complete reconditioning of Machine B acquired on January 1 of the prior year. Original cost, $30,900; accumulated depreciation to December 31 of the prior year was $2,100 (on a straight-line basis with a $7,800 residual value and 11-year useful life). For each of these the assets involved in transactions (a) through (f), record the adjusting entry for depreciation Imortization expense at the end of the current year