Oriole Company purchases an oil tanker depot on January 1,2022 , at a cost of $756,000. Oriole expects to operate the depot for 10 years, at which time it is legally required to dismantle the depot and remove the underground storage tanks. It is estimated that it will cost $88,200 to dismantle the depot and remove the tanks at the end of the depot's useful life. (a) Prepare the journal entries to record the depot and the environmental liability for the depot on January 1, 2022. Based on an effective-interest rate of 4%, the fair value of the environmental liability on January 1,2022 , is $59,584. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Prepare 2022 entries for Walker assuming that the warranties are not an integral part of the sale (a service-type warranty). Assume that of the sales total, 67,000 relates to sales of warranty contracts. Walker estimates the total cost of servicing the warranties will be 66,000 for 2 years. Estimate revenues to be recognized on a straight-line basis. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round intermediate calculations to 5 decimal places, e.g. 1.54657 answers to 0 decimal places, e.g. 5,125. Record journal entries in the order presented in the problem.) uestion 3 of 5 Date Account Titles and Explanation Debit January 1 , 2022 (To record the depot) January 1 , 2022 (To record the environmental liability) eTextbook and Media Assista eTextbook