Required information [The following information applies to the questions displayed below) Solich Sandwich Shop had the following long-term asset balances as of December 31, 2021 Accumulated Cost Depreciation Book Value Land $ 78,000 $ 78,000 Building 443.000 (14,170) 358,830 Equipment 198,400 (46,600) 151,800 Patent 165,000 (66,000) 99,00 Solich purchased all the assets at the beginning of 2019 (3 years ago) The building is depreciated over a 20-year service life using the double declining balance method and estimating no residual value The equipment is depreciated over a 8. year useful life using the straight-line method with an estimated residual value of $12,000. The patent is estimated to have a five-year service life with no residual value and is amortized using the straight-line method. Depreciation and amortization have been recorded for 2019 and 2020 Required: 1. For the year ended December 31, 2021, record depreciation expense for buildings and equipment. Land is not depreciated. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) ! Required information Journal entry worksheet >