On July 1, 2022, Ashtanga Inc. purchased a used piece of equipment for $65,000. The company spent another $28,000 overhauling it and getting it ready for use, and $2,000 testing it. Ashtanga estimated the useful life to be 6 years, and the residual value $5,000. The company uses straight- line depreciation for all its equipment and has a December 31 year end. Instructions (a) Prepare the journal entries to record the purchase (assume payments were made in cash) and depreciation expense for 2022 and 2023. (b) How much will the accumulated depreciation be on June 30, 2028? (al) Journal entries - purchase Account name, Debit: Account amount, Debit $: Account name, Credit: Account amount, Credit S: (a2) Journal entries - Depreciation Expense 2022 Account name, Debit: Account amount, Debit $: Account amount, Debit $: Account name, Credit: Account amount, Credit S: (a3) Journal entries - Depreciation Expense 2023 Account name, Debit: Account amount, Debit $: Account name, Credit: Account amount, Credit S: (b) On June 30, 2028, at the end of the asset's useful life, the accumulated depreciation will be: $