Question Help E11-21 (similar to) The Ringo Group sold one of its plant assets on March 1 of the current year for $690,000. The asset had an original cost of $1,200,000 and an estimated residual value of $30,000. The firm used the straight-line method of depreciation assuming an estimated useful le of twelve years. The asset was in service for five years as of January 1 of the current year Read the tourments Requirement a. Prepare the journal entry required to record the depreciation for the current year (Record debitsrst, then credts Excuse explanations from any ouma entries.) Requirements a. Prepare the journal entry required to record the depreciation for the current b. Prepare the journal entry required to record the sale of the assol Do not round intermediary calculations) Print Done ] Choose from any stor enter any number in the input fields and then ack Check