Information related to the long term operating assets of Burch Retal Distributors, Inc. at December 31, 2022, is as follows: (Cleck the feen to view the long term operating assets) The fiscal year end of the company is December 31 . The following events occurred daring 2023 (1) (Click the icon to view the events) Information related to the long-ferm operating assets of Burch Retail Distributors, Inc, at December 31, 2022, is as follows (Click the lcon to viow the long-lerm operating assots) The fiscal year end of the company is December 31. The following everts occurred during 2023 (Click the icon to view the events.) Inlormation related to the long-ferm eperating assets of Burch Retail Distributors, Inc. at Decienter 31, 2022, is as follows (Click the foon to view tho long-ferm operating ansets) Wiscal year end of the company is Decerrber 31 . The following events occurted daring 2023 (Click the icon to view the events) Read the requirements Data table Informasion related to the long-term operating assets of Burch Retal Distrikutors, inc at December 31, 2022, bs as folowis (Clict the icon to vlow the long-term operating assets]) The fiscal year end of the company is December 31 . The following events occurred during 2023 (Click the icon to view the events.) Read the coguirements Requirement a. Prepare the joumal entries required to record each of the above events and to recoed depreciation expense at the end of the year (Record dibies first then credits Exclude explanations frem any joumal entries ) Event 1 On February 1, 2023, Burch sold the vehides to Direct Produce, Inc for $16,000 First prepare the journal entry to recognire depreciation expense on the weicles up to the dase of nale. (Reund your answer to thit nearest whole dollar) Now prepare the journal entry so recotd the sale of the vehicles Inlomation related to the long term operating assets of Burch Retal Distributors, Inc: at December 31, 2022 , is as follows. [Click the icon to view the long-lerm operating assels.] The tscal year end of the company is December 31 . The following events occurred during 2023 : (i) (Click the icon to viow the events.) Read the tequitement: Now propare the journal entry to record the sale of the vehicles Event 2 . On March 31, 2023, all of Burch's equipment and mactionery was destrayed by a fre in one of its facilitios Fins prepare the journal entry to recognize depreciation expense on the equipment and machinery up to the date of the fire. (Prepare a col ynpound entry) Information related to the long term operafing assets of Burch Retal Distritutors, Inc. at December 31, 2022, is as follows: (Click the icon to view the long term operating assets.) The fiscal yoar end of the company is December 31 The following events occurred during 2023 (Click the icon to view the events) Read the reaviremonts Prepare the joumal entry to record the derecognition of the machinery Event 3. On May 1,2023, the equipment was replaced at a cost of $570,000 and the machiney com the company $277,600 to replace The estimated useful lives and residual values remained the same as specified for the original machinery and equpment. The company paid cash for the new astets Intormation related to the bng-term operating assets of Burch Retai Distritutors, Inc-at December 31, 2022, is as follows. (CFick the icon to view the long term operating assents) The fiscal year end of the company is Docember 31. The following events occurred during 2023: (Click the icon to viow the events.) Read the reguirements. Information related to the long-term operating assets of Burch Retai Distribuloes, Inc, at December 31, 2022, is as follows. (Click the icon to view the long-ferm operating assets ) The fiscal year end of the company is December 31. The following events occurred during 2023 (Click the ican to view the events) Read the requirements Requirement b. Determine the ending net book value of Burch's long term operating assets on its Decenter 31, 2023, balance sheet Show the balance for each asset indivi and in total (if an input fild is not used in the table, leave the field empty, do not enter a zero) Information related to the long term operating assets of Burch Retal Distributors, Inc. at December 31, 2022, is as follows: (Cleck the feen to view the long term operating assets) The fiscal year end of the company is December 31 . The following events occurred daring 2023 (1) (Click the icon to view the events) Information related to the long-ferm operating assets of Burch Retail Distributors, Inc, at December 31, 2022, is as follows (Click the lcon to viow the long-lerm operating assots) The fiscal year end of the company is December 31. The following everts occurred during 2023 (Click the icon to view the events.) Inlormation related to the long-ferm eperating assets of Burch Retail Distributors, Inc. at Decienter 31, 2022, is as follows (Click the foon to view tho long-ferm operating ansets) Wiscal year end of the company is Decerrber 31 . The following events occurted daring 2023 (Click the icon to view the events) Read the requirements Data table Informasion related to the long-term operating assets of Burch Retal Distrikutors, inc at December 31, 2022, bs as folowis (Clict the icon to vlow the long-term operating assets]) The fiscal year end of the company is December 31 . The following events occurred during 2023 (Click the icon to view the events.) Read the coguirements Requirement a. Prepare the joumal entries required to record each of the above events and to recoed depreciation expense at the end of the year (Record dibies first then credits Exclude explanations frem any joumal entries ) Event 1 On February 1, 2023, Burch sold the vehides to Direct Produce, Inc for $16,000 First prepare the journal entry to recognire depreciation expense on the weicles up to the dase of nale. (Reund your answer to thit nearest whole dollar) Now prepare the journal entry so recotd the sale of the vehicles Inlomation related to the long term operating assets of Burch Retal Distributors, Inc: at December 31, 2022 , is as follows. [Click the icon to view the long-lerm operating assels.] The tscal year end of the company is December 31 . The following events occurred during 2023 : (i) (Click the icon to viow the events.) Read the tequitement: Now propare the journal entry to record the sale of the vehicles Event 2 . On March 31, 2023, all of Burch's equipment and mactionery was destrayed by a fre in one of its facilitios Fins prepare the journal entry to recognize depreciation expense on the equipment and machinery up to the date of the fire. (Prepare a col ynpound entry) Information related to the long term operafing assets of Burch Retal Distritutors, Inc. at December 31, 2022, is as follows: (Click the icon to view the long term operating assets.) The fiscal yoar end of the company is December 31 The following events occurred during 2023 (Click the icon to view the events) Read the reaviremonts Prepare the joumal entry to record the derecognition of the machinery Event 3. On May 1,2023, the equipment was replaced at a cost of $570,000 and the machiney com the company $277,600 to replace The estimated useful lives and residual values remained the same as specified for the original machinery and equpment. The company paid cash for the new astets Intormation related to the bng-term operating assets of Burch Retai Distritutors, Inc-at December 31, 2022, is as follows. (CFick the icon to view the long term operating assents) The fiscal year end of the company is Docember 31. The following events occurred during 2023: (Click the icon to viow the events.) Read the reguirements. Information related to the long-term operating assets of Burch Retai Distribuloes, Inc, at December 31, 2022, is as follows. (Click the icon to view the long-ferm operating assets ) The fiscal year end of the company is December 31. The following events occurred during 2023 (Click the ican to view the events) Read the requirements Requirement b. Determine the ending net book value of Burch's long term operating assets on its Decenter 31, 2023, balance sheet Show the balance for each asset indivi and in total (if an input fild is not used in the table, leave the field empty, do not enter a zero)