Need help with the red box. pls with solution

Depreciation Expense 3827.27 Accumulated Depreciation-Asset A 3827.27 (To record depreciation on Asset A) Accumulated Depreciation-Asset A 24877 Loss on Disposal of Assets 3993 Asset A 28870 (To record disposal of Asset A) Depreciation Expense 15200 Accumulated Depreciation-Asset B 15200 Aset B 15200 (To record depreciation on Asset B) \begin{tabular}{|ll|} \hline Depreciation Expense & \\ \hline \end{tabular} 4556 Accumulated Depreciation-Asset C 4556 (To record depreciation on Asset C) No Entry No Entry (To record cost of Asset E) No Entry No Entry (To record depreciation on Asset E) Depreciation Expense Accumulated Depreciation-Asset D \begin{tabular}{|l|l|} \hline \hline \\ \hline \end{tabular} 3827.27 \begin{tabular}{r} \hline 3993 \\ \hline \\ \hline \end{tabular} 28870 \begin{tabular}{rl|} \hline \\ \hline 4 \\ 45200 \\ \hline 4 \\ \hline 4 \end{tabular} \begin{tabular}{|l||} \hline \hline \\ \hline \end{tabular} 0 6800 6800 The following data relate to the Plant Assets account of Splish Brothers Inc. at December 31, 2022: Note: In the year an asset is purchased, Splish Brothers does not record any depreciation expense on the asset. In the year an asset is retired or traded in, Splish Brothers takes a full year's depreciation on the asset. The following transactions occurred during 2023: 1. On May 5, Asset A was sold for $16,550 cash. The company's bookkeeper recorded this retirement as follows: Cash 16,550 Asset A 16,550 2. On December 31, it was determined that Asset B had been used 4,000 hours during 2023. 3. On December 31, before calculating depreciation expense on Asset C, Splish Brothers's management decided that Asset C's remaining useful life should be nine years as of year end. 4. On December 31, it was discovered that a piece of equipment purchased in 2022 had been expensed completely in that year. The asset cost $34,000, had a useful life of 10 years when it was acquired, and had no residual value. Management has decided to use the double-declining-balance method for this asset, which can be referred to as "Asset E." Ignore income taxes. (a) Prepare any necessary adjusting journal entries required at December 31,2023, as well as any entries to record depreciation for 2023. (Credit account titles automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. L entries before credit entries. Round depreciation per unit to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 5,275. Depreciation Expense 3827.27 Accumulated Depreciation-Asset A 3827.27 (To record depreciation on Asset A) Accumulated Depreciation-Asset A 24877 Loss on Disposal of Assets 3993 Asset A 28870 (To record disposal of Asset A) Depreciation Expense 15200 Accumulated Depreciation-Asset B 15200 Aset B 15200 (To record depreciation on Asset B) \begin{tabular}{|ll|} \hline Depreciation Expense & \\ \hline \end{tabular} 4556 Accumulated Depreciation-Asset C 4556 (To record depreciation on Asset C) No Entry No Entry (To record cost of Asset E) No Entry No Entry (To record depreciation on Asset E) Depreciation Expense Accumulated Depreciation-Asset D \begin{tabular}{|l|l|} \hline \hline \\ \hline \end{tabular} 3827.27 \begin{tabular}{r} \hline 3993 \\ \hline \\ \hline \end{tabular} 28870 \begin{tabular}{rl|} \hline \\ \hline 4 \\ 45200 \\ \hline 4 \\ \hline 4 \end{tabular} \begin{tabular}{|l||} \hline \hline \\ \hline \end{tabular} 0 6800 6800 The following data relate to the Plant Assets account of Splish Brothers Inc. at December 31, 2022: Note: In the year an asset is purchased, Splish Brothers does not record any depreciation expense on the asset. In the year an asset is retired or traded in, Splish Brothers takes a full year's depreciation on the asset. The following transactions occurred during 2023: 1. On May 5, Asset A was sold for $16,550 cash. The company's bookkeeper recorded this retirement as follows: Cash 16,550 Asset A 16,550 2. On December 31, it was determined that Asset B had been used 4,000 hours during 2023. 3. On December 31, before calculating depreciation expense on Asset C, Splish Brothers's management decided that Asset C's remaining useful life should be nine years as of year end. 4. On December 31, it was discovered that a piece of equipment purchased in 2022 had been expensed completely in that year. The asset cost $34,000, had a useful life of 10 years when it was acquired, and had no residual value. Management has decided to use the double-declining-balance method for this asset, which can be referred to as "Asset E." Ignore income taxes. (a) Prepare any necessary adjusting journal entries required at December 31,2023, as well as any entries to record depreciation for 2023. (Credit account titles automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. L entries before credit entries. Round depreciation per unit to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 5,275