E3.6 (LO 2) AP Jake's Mechanics owns the following long-lived assets: Asset Date Purchased Cost Building January 1, 2014 $68,000 Vehicles December 31, 2017 28,000 Equipment July 1, 2016 12,600 Instructions Estimated Useful Life 25 years 7 years 8 years a. Prepare depreciation adjusting entries for Jake's Mechanics for the year ended December 31, 2021. b. For each asset, calculate its accumulated depreciation and carrying amount at December 31, 2021.