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Stevens Sandwich Shop had the following long$-$term asset balances as of January $1,2024$:

Cost Accumulated Depreciation Book Value

Land $$82,0000$ $$82,000$

Building $447,000$ $$(160,920)286,080$

Equipment $226,300(47,400)178,900$

Patent $185,000(74,000)111,000$

Stevensurchased all the assets at the beginning of $2022.$

The building is depreciated over a $10-$year service life using the double$-$declining$-$balance method and estimating no residual value.

The equipment is depreciated over a $9-$year service life using the straight$-$line method with an estimated residual value of $$13,000.$

The patent is estimated to have a five$-$year useful life with no residual value and is amortized using the straight$-$line method.

Depreciation and amortization have been recorded for $2022$ and $2023($first two years$).$

Required:

$1.$ For the year ended December $31,2024($third year$),$ record depreciation expense for buildings and equipment. Land is not depreciated.

$2.$ For the year ended December $31,2024,$ record amortization expense for the patent. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

$3.$ Calculate the book value for each of the four long$-$term assets at December $31,2024.$

$*$put #$1$ and #$2$ in jornal format$*$