On July 1, 2017, Dexter Corp. buys a computer system for $255,200 in cash. Assume that the computer is expected to have a four-year life and an estimated salvage value of $20,000 at the end of that time. Required: 1. Identify and analyze the transaction to record the purchase of the computer on July 1, 2017. How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry" and leave the amount box blank. If the effect on a financial statement Item is negative, lie, a decrease, be sure to enter the answer with a minus sign. How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry" and leave the amount box blank. If the effect on a financial statement item is negative, l.e, a decrease, be sure to enter the answer with a minus sign. 2. Compute the depreciable cost of the computer. 3. Using the straight-line method, compute the monthly depreciation. per month 4. Identify and analyze the adjustment to record depreciation at the end of July 2017. 4. Identify and analyze the adjustment to record depreciation at the end of July 2017. How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry" and leave the amount box blank. If the effect on a financial statement item is negative, l.e, a decrease, be sure to enter the answer with a minus sign. Remember: If a contra account is increased, it will have the effect of decreasing the corresponding financial statement item. 5. Compute the computer's carrying value that will be shown on Dexter's balance sheet prepared on December 31,2017