Mailings Review View Tell mes Tell me what you want to do 21 AaBbCcDdEe AaBbCcDdee AaBbCcDc AaBbccd Normal No Spacing Heading 1 Heading 2 Capital Expenditure and Depreciation Willow Creek purchased and installed carpet in its new general offices on March 30 for a total cost of $11,088. The carpet is estimated to have a 12-year useful life and no residual value. + a. Prepare the journal entry necessary for recording the purchase of the new carpet March Carpet 30 Cash b. Record the December 31 adjusting entry for the partial-year depreciation expense for the carpet, assuming that Willow Creek uses the straight-line method. Do not round intermediate calculations. Dec. Depreciation Expense- Carpet Accumulated Depreciation- Carpet 31 106)