Ohio Company owns 10 warehouses of similar type except for varying size. The group system of depreciation is applied to the 10 warehouses, and the rate is 6% each year on cost. At the end of Year 1, the asset account, Warehouses, showed a balance of $2,650,000 (residual value $150,000), and the Accumulated Depreciation account showed a balance of $1,200,000. At the start of Year 2, Warehouse #8, costing $200,000, was torn down, Materials salvaged from the demolition were sold for $26,500, and $7,500 was spent on demolition. Required Provide entries to record (a) depreciation for Year 1, (b) disposal of Warehouse #8 in Year 2, and (c) depreciation for Year 2.