On June 30, 2018 Someday Lanes installed automac sprinkler systems. The electrical work for the installaon was $24,000. The invoice price of the sprinkler equipment was $280,000. Addional costs were $5,000 for delivery and $800 for insurance during transportaon. During installaon a sprinkler line was punctured and was replaced for $200. Equipment is estimated to have 5-year life with 9,800 at end of its life (1)What is the cost of the sprinkler equipment? ( 5 marks) (2)Prepare require journal entries to record the transacons. ( 5 marks) (3) Calculate Depreciaon for December 31, 2018 using double declining balance method (5mark)