Prepare all necessaryjournal entries for 2024,2025, and 2026 related to each of the following scenarios: (a) On June 1.2024, Kingbird Opportunity Ltd. ('KO') purchased a plece of equipment for $30,960. At the time, management determined that the equipment would have a residual value of $2.800 at the end of its socyear life. KO has a December 31 year end and uses the straight-line depreciation method, (Record entries in the order disployed in the problem stotement Credit account thites are audomaticolly indented when the amount is entered, Do not indent manually I/ no entry is required, select "No Entry" for the account tities and enter 0 for the amounts. List all debit entries before credit entries)