Question 3 [8 points) Selected plant and equipment asset balances on December 31, 2013 for Southgate Inc. are as follows Building $105,800 Accumulated Depreciation Building 51.000 Remaining estimated useful when on the building is 5 years with a residual value of $13.000, depreciated using the straight line mothod to the nearest whole month 5, 2014 for cash $ Prepare journal entries for the following a Depreciation of the building for 2014 b. The sale of the building on July 5 Ensure accuracy in your calculations by rounding only your final answer to the nearest whole dollar) Enter the transaction letter is the description when entering the transactions in the journal Dates must be entered in the format ddmmm ( January 15 would be 15/Jan) For simplicity, assume the assets are depreciated as individual toms and will not be broken into parts and depreciated Page 2 F Debit Creat General Journal Accupation Date