Management has provided you with the following fixed asset schedule and needs some assistance with the calculation depreciation expense and accumluated depreciation for 2019. Required: 1. Calculate depreciation expense for 2019 (cells noted in blue in column J). 2. Calculate accumulated depreciation for all non-current assets for 2019 (cells noted in blue in column L). ASSET DESCRIPTION DEP'N POLICY USEFUL LIFE I 2018 EST ASSET COST RESIDUAL VALUE 2019 Purchases 2019 Disposals 2019 ASSET COST 2018 ACC. DEP'N 2019 Depreciation expense 2019 Disposals 2019 ACC. DEP'N N/A $ $ $ 160,658.80 308,771.00 25 106,727.38 N/A 50,000 N/A 50,000 25,000 160,658.80 308,771.00 40,237.20 100,593.00 116,002.00 40,237.20 100,593.00 25 76,911.00 76,911.00 37,917.50 Land - 124 Street Building - 124 Street Land - 56 avenue Building - 56 avenue Packaging Machine* Labelling machine - new! ** Office furniture Office furniture - new!*** Computers - new!*** Computers Automobiles N/A straight line N/A straight line units of prod'n units of prod'n straight line straight line double diminishing balance double diminishing balance double diminishing balance 300,000 900,000 97,973.00 o 81,953.00 49,171.80 O 5,000 1,000 43,302.00 26,182.00 116,002.00 97,973.00 81,953.00 43,302.00 26,182.00 58,406.00 86,189.00 979,436.80 O O O 20,000 58,406.00 86,189.00 952,810.00 45,790.30 49,828.02 366,346.00 $ $ 167,457.00 $ 140,830.20 $ $ $ 67,140.36 $ 76,911.00 $ 356,575.36 *Units Produced by the packaging machine in 2019 **Units produced by the labelling machine in 2019 *** The furniture and computers were acquired January 3, 2019 44,930 75,980 3. Prepare the adjusting journal entry to record depreciation on the Building - 124 Street (space provided below). Date Account Titles Debit Credit