For each of the following separate transactions, prepare the necessary annual adjusting journal entries for XYZ Co., whose year end is December 31, 2019. Explanations are not required Note, that prepaid expenses are initially recorded in asset accounts, and that fees collected in advance of work performed are initially recorded as liabilities. a) Prepare the annual adjusting journal entries to record the depreciation for the following 2 assets: Assets Date of Purchase Asset Description Cost Est. Useful Est. Salvage Value at the Life End of the Useful Life $25,000 4 years $5,000 Feb 1, 2018 Vehicle Nov 1 Equipment 2019 $12,000 3 years $1,200 b) The Unearned Revenue account showed a balance of $60,000 on the Unadjusted Trial Balance at December 31, 2019. It was determined that 1/3 of the Unearned Revenue had been earned by December 31, 2019. c) At December 31, 2019 it was identified that $50 of legal fees was coded to accounting fees in error. dy The analysis of the company's insurance policy provided these facts