No entry was made The office equipment is brand new, having been purchased only one year ago for $5,000. Since it is expected to last five years and have a salvage of $1,000, the bookkeeper has decided that it really shows so little wear that depreciation need not be taken this year. No entry is correct DR Depreciation Expense 1,000 CR Accumulated Depreciation 1,000 DR Depreciation Expense 800 CR Accumulated Depreciation 800 DR Accumulated Depreciation 800 CR Office Equipment 800 Book For each of the following, insert one or more capital letters to identify the financial statement(s) where the item is found. Some items are found on only one statement, while others appear on more than one statement 1. Net Income Statement of Cash Flows Statement of Retained Earnings Income Statement Balance Sheet