On July 1, Harding Construction purchases a bulldozer for $228,000. The equipment has a 8-year life with a residual value of $16,000. Harding uses straight-line depreciation a. Calculate the depreciation expense for the first year ending December 31. Provide the journal entry for the first year ending December 31. Dec. 31 Depreciation Expense b. Calculate the third year's depreciation expense and provide the Journal entry for the third vear ending December 31. Dec. 31 c. Calculate the last year's depreciation expense provide the journal entry for the last year