Help Save 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 $89,000 cash to purchase storage shed components January 3 Paid $6,000 cash to have the storage shed erected. The storage shed has an estimated life of 10 years and a residual value of $9,000. April 1 Paid $32,000 cash to purchase a pickup truck for use in the business. The truck has an estimated useful life of five years and a residual value of $7,000 May 13 Paid $200 cash for minor repairs to the pickup truck's upholstery July 1 Paid $26,000 cash to parchase patent rights on a new paper bag manufacturing process. The patent is estimated to have a remaining useful life of five years December 31 Recorded d epreciation and anortization on the piekup truck, storage shed, and patent. 2019 June 30 Sold the piekup truek for $27,000 cash: (Record the depreciation on the truck prior to recording its December 31 Recorded depreciation on the storage shed. Also determined that the patent was impaired and wrote off 4ts remaining book value (i.e., 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.) View transaction list Journal entry worksheet 12 View transaction list Journal entry worksheet 12 Record the purchase of storage shed components for $89,000. nt General Journal Debit Date January 02. 2018