Mean Beans, a local coffee shop, has the following assets on January 1, has a December 31, 2023 year-end. The company's depreciation policy a. On January 1, 2023, purchase equipment costing $24,700 with an est after five years for $0. b. On July 1, 2023, purchase furniture (tables and chairs) costing $12,600 that it can sell the furniture for $3,300 after ten years. c. On January 1, 2021, Mean Beans had purchased a car costing $26,000 that it can sell the car for $5,200 after eight years. Required: 1-a. For each transaction, calculate the current year's annual depreciation e a. Annual depreciation expense on equipment b. Annual depreciation expense on furniture c. Annual depreciation expense on car