Instructions Dinnell Company, with a June 30 year-end, owns the following assets: Asset A B Year purchased 2017 2018 Cost $20,000 $40.000 Expected life 5 years 8 years Residual value $2.000 Depreciation method Straight-line Sum-of-the-years-digits 2019 $100,000 10 years $10.000 Double-declining-balance In the year of acquisition and retirement of an asset Dinnell records depreciation expense for one-half year. During 2020. Asset A was sold for $7,000. Required: Prepare the journal entries to record depreciation on each asset for 2017 through 2020 and the sale of Asset A