Jake's Mechanics owns the following long-lived assets: Asset Date Purchased Cost Estimated Useful Life Building January 1, 2014 $61,000 25 years Vehicles December 31, 2017 44,300 10 years Equipment July 1, 2016 12,480 8 years Prepare depreciation adjusting entries for Jake's Mechanics for the year ended December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Dec. 31 Dec. 31 (To record depreciation expense for building.) Dec. 31 (To record depreciation expense for vehicles.) (To record depreciation expense for equipment.) eTextbook and Media List of Accounts Debit For each asset, calculate its accumulated depreciation and carrying amount at December 31, 2021. Cost Less: Accumulated Depreciation Carrying amount Building Vehicles $ $ $ Credit Equipment