Prepare the necessary journal entries to record the following transactions in 2014 for the Splish Brothers. (Credit account titles are outomatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Jan. Discarded old store equipment that originally cost $23,500 and had a book value of $4,888 on the date of disposal. 11 Depreciation on the equipment has already been recorded for the current year. Mar. Sold a delivery truck for $7,896. The delivery truck originally cost $49,820 and had accumulated depreciation of $43,240 6 on the date of sale. The depreciation on the truck has already been recorded for the current year. Mar. Straight-line depreciation is recorded for the first quarter of 2014 on equipment with a 4-year useful life that was 31 purchased on January 1, 2012, for $25,756 with an estimated saivage value of $3,196. May. Incurred and paid for $526,400 of costs to develop a new patent. The patent bas a legal life of 20 years. 10 Sept. Paid the corporate attorncy $61,200 to register the new patent (see May 10). 30 Nov. Acquired RT Suniand, a small parts compary, for $291,400 cash. RT Sunland had net assets tocaimg $827,200, net 1. liabilities totaling $611,000. Dec. Recognized amortization for the last quarter of 2014. 31 Mar.6: Easir. Galn an Duposal of Piant Aswets Beiwerviruch Mar 31: Depreciution Eupease 160 Accumulated Depreciation 100 May 10: Patents Novi: Net Assets Goodwill Dec: 31= Amortization Expense: 527,165 Accumulated Depreciation 527,165