Item17 1 points Time Remaining 1 hour 17 minutes 34 seconds01:17:34 eBookReferencesCheck my workCheck My Work button is now enabledItem 17 Time Remaining 1 hour 17 minutes 34 seconds01:17:34 Brief Exercise 3-9 (Algo) Record the adjusting entry for depreciation (LO3-3) Beaver Construction purchases new equipment for $34,440 cash on April 1, 2024. At the time of purchase, the equipment is expected to be used in operations for seven years (84 months) and have no resale or scrap value at the end. Beaver depreciates equipment evenly over the 84 months ($410/month). Required: 1.&2. Record the necessary entries in the Journal Entry Worksheet below. 3. Calculate the year-end adjusted balances of Accumulated Depreciation and Depreciation Expense