PROBLEM 2 (4 points) Harvey Auto Parts purchased new equipment on November 1, 2022 for $35,000. The equipment is expected to have a 10-year useful life, with a resale value of $5,000. The journal entry for recording the purchase has already been made (on November 1) Harvey Auto Parts prepares annual financial statements every December 31. Instructions a) Prepare the adjusting entries that should be made at year end, December 31, 2022 to record the depreciation. (round to the nearest dollar). (2 point) b) Show how the equipment will be reflected on Harvey Auto Parts' balance sheet on December 31, 2022. (1 point) c) Show how the equipment will be reflected on Harvey Auto Parts' Balance Sheet on December 31, 2032, if it hasn't already been sold. (1 point)