K Information related to the long term operating assets of Burch Retail Distributors, Inc. at December 31, 2022, in as follows Click the icon to view 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 requirements Data table Balance Sheet Accumulated Depreciation Through 12/31/2022 Estimated Useful Life x Estimated Residual Value Depreciation Method 65,000 Double-dedining balance 5.800 Straight line 2,500 Straight-line ar (Record debits first, then credits Category Cost Equipment $ 600,000 $ 384,000 5 Years $ Machinery 245,000 160,000 6 Years Vehicles 137,500 81,000 5 Years Leasehold improvements 93,000 18,600 5 Years Building 11,075,000 2,250,000 25 Years 0-Straight-line 1,700,000 Straight-line Land: 5,360,000 N/A NA N/A N/A Print Done dollar) Information related to the long-term operating assets of Burch Retail Distributors, Inc. at December 31, 2022, is as follows (Click the icon to view 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 requirements Prepare the journal entry required to record depreciation expense at the end of the year (Round your answers to the nearest whole dollar) December 31, 2023 Account Depreciation Expense-Equipment Depreciation Expense-Machinery Depreciation Expense Leasehold Improvements Depreciation Expense-Building Accumulated Depreciation-Equipment Accumulated Depreciation Machinery Accumulated Depreciation-Leasehold Improvements Accumulated Depreciation-Building