Please help me with this accounting question

Required Information [The following information applies to the questions displayed below] Precision Construction entered into the following transactions during a recent year. January 2 Purchased a bulldozer for $2?2,000 by paying $31,000 cash and signing a $241,000 note due in five years. January 3 Replaced the steel tracks on the bulldozer at a cost of. $31,000, purchased on account. The new steel tracks increase the bulldozer's operating efficiency. January 30 Wrote a check for the mount owed on account for the work completed on January 3. February 1 Repaired the leather seat on the bulldozer and wrote a check for the full $1,900 cost. March 1 Paid $10,200 cash for the rights to use computer software for a twoyear period. 1-b. Prepare the journal entries for each of the above transactions. 2. For the tangible and intangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization that Precision Construction should report for the quarter ended March 3'1. The equipment is depreciated using the double-declining-balance method with a useful life of five years and $51,000 residual value. 3. Prepare ajournal entry to record the depreciation and amortization calculated in requirement 2. Prepare the journal entries for each of the above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) No Date General Journal Debit Credit January 02 Equipment V 272,000 Cash V 31,000 Notes Payable (long-term) 241,000 2 January 03 Equipment 31,000 Accounts Payable 31,000 3 January 30 Cash X 31,000 Accounts Payable X 31,000 4 February 01 Repairs and Maintenance Expense V 1,900 Cash 1,900 5 March 01 Licensing Rights 10,200 Cash V 10,200Req 1B Req 2 Req 3 For the tangible and intangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization that Precision Construction should report for the quarter ended March 31. The equipment is depreciated using the double-declining-balance method with a useful life of five years and $51,000 residual value. (Do not round intermediate calculations.) Show less A Partial Year Depreciation-Equipment 425 X Amortization-Licensing Rights 10,200 XPrepare a journal entry to record the depreciation and amortization calculated in requirement 2. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) No Date General Journal Debit Credit 1 March 31 Depreciation Expense 241,000 X Accumulated Depreciation-Equipment X X 241,000 X X X