Namaka Inc. (Namaka) recently purchased new display cases for its retail stores. The display cases cost $152,000, taxes were $22,200 (of which $1 is refundable), delivery cost $5,200, and set-up cost $8,400. Namaka's management expects to use the display cases for five years, at which time they will be replaced. Management uses declining balance depreciation at a rate of 40 percent for the display cases and estimates that the new display cases have a residual value of $5,200 Required: a. Prepare the journal entry to record the purchase of the new display cases (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) view general journal view transaction list Journal Entry worksheet Record the purchase of new display cases Debit credit General Journal Event *Enter debits before credits done clear entry record entry