Highsmith Rental Company purchased an apartment building early in 2024 . There are 15 apartments in the building and each is furnished with major kitchen appliances. The company has decided to use the group depreciation method for the appliances. The following dota are available: In 2027, three new refrigerators costing $4,000 were purchased for cash. In that same year, the old refrigerator5, which originally cost $4,100, were sold for $1,500. Required: 1. Calculate the group depreciation rate, group Ife, and depreciation for 2024. 2. Prepare the journal entries to record the purchase of the new refrigerators and the sale of the old refrigetators