On May 28, 2021, Blossom Services purchased equipment for 599 600, giving the supplier a 1-year note at 5% (due at maturity) for $80,730, and paid the balance with cash. Blossom also paid Wu Engineering $9.000 cash for installing the equipment on May 30. The equipment's useful life was estimated to be five years, with an $18,600 residual value The straight-line method of depreciation is used for equipment and Blossom has a calendar year end. On October 4, 2023, the equipment was destroyed in an accident. Blossom received $61.500 cash as insurance proceeds for the equipment Record the transactions of May 28 and 30, 2021. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation 2021 Debit Credit May 28 May 30 List of Accounts Question Part Score --/5 Record the depreciation expense for Blossom for the fiscal years ended December 31, 2021 and 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Date Account Titles and Explanation 2021 Credit Dec. 31 Dec. 31 List of Accounts Question Part Score --/4 Prepare all of the necessary journal entries on October 4, 2023 following the destruction of the asset. (Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit 2023 Oct. 4 Oct. 4 (To record sale of equipment) List of Accounts