Please answer the following w explanations. Thanks!

At the beginning of the year, Algemon Companies bought three used machines. The machines immedlately were overhauled, were installed, and started operating. Because the machines were different, each was recorded separately in the accounts. Details for Machine A are provided below. A9-1 (Algo) Part 7 Prepare the joumal entry to record year 2 double-declining balance depreciation expense for Machine C, which has a cost of 25,600, an estimated life of 10 years, and $1,400 residual value. (If no entry is required for a transaction/event, select "No Journal ntry Required" in the first account field.) Journal entry worksheet Record the year 2 depreciation expense for Machine C. Note: Enter debits before credits. The following transactions and adjusting entries were completed by a paper-packaging company called Gravure Graphics International. The company uses straight-line depreciation for trucks and other vehicles, double-declining-balance depreciation for buildings, and straight-line amortization for patents. January 2, 2020 Paid $104,000 cash to purchase storage shed components. January 3,2020 paid $2,000canh to have the atorage ohed erected. The atorage ahed has an estimated life of 10 yearo and a residual value of $5,000. April 1, 2020 Paid $50,000 cash to purchase a piekup truck for use in the business. The truck has an estimated usoful life of five years and a renidual value of $3,000. This vehicle is to be recorded in the Truek account. May 13, 2020 Paid $800 cash for minor repairs to the pickup truck's upholstery. July 1, 2020 Paid $11,000 cash to purchase patent rights on a new paper bag manufacturing process. The patent is estimated to have a remaining useful life of five years. December 31, 2020 Recorded depreciation and amortization on the pickup truck, storage shed, and patent. June 30, 2021 sold the pickup truck for $43,000 eanh. (Record the depreciation on the truck prior to recording its dinposal.) December 31, 2021 Recorded depreciation on the atorage nhed. Recorded the patent anortization. After recording the patent amortization, determined that the patent was impaired and wrote off its remaining book value (1.e., wrote down the book value to zero). Required: Prepare the journal entries required on each of the above dates. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) Journal entry worksheet