Machinery that cost $$226,000$ on $1$ January $201$ was sold for $$97,500$ on $30$ June $206.$ It was being depreciated over a $10-$year life

by the straight$-$line method, assuming its residual value would be $$29,000.$

A building that cost $$2,040,000,$ residual value $$134,000,$ was being depreciated over $20$ years by the straight$-$line method. At the

beginning of $20$X$6,$ when the structure was $8$ years old, an additional wing component was constructed at a cost of $$755,000.$ The

estimated life of the wing considered separately was $15$ years, and its residual value was expected to be $$45,500.$

The accounting period ends $31$ December.

Required $(1)$:

Give all required entries to record:

a$.$ Sale of the equipment, including depreciation to the date of sale.

b$.$ The addition to the building$-$cash was paid.

c$.$ Depreciation on the building and its addition after the latter has been in use for one year. $($If no entry is required for a

transaction$/$event$,$ select $"$No journal entry required" in the first account field. Do not round intermediate calculations.$)$

$1$ Record the depreciation expenses $($Equipment$).$

$2$ Record the sale of equipment.

$3$ Record the addition on building.

$4$ Record the depreciation expenses $($Building Wing$).$

$5$ Record the depreciation expenses $($Building$).$

Required $(2)$:

Complete the part of the balance sheet given below showing how the building and attached wing would be reported.