Requirement 4. In preparation for preparing the adjusting entries, complete depreciation schedules for the first five years for the depreciable plant assets, assuming the assets were purchased on January 2, 2024: a. Building, straight-line, 30 years, $75,000 residual value. (Click the icon to view the T-account balances from Requirement 3.) BUILDING: Straight-Line Depreciation Schedule Depreciation for the Year Asset Depreciable Useful Depreciation Date Cost Cost Life Expense 1/1/2024 Accumulated Book Depreciation Value 12/31/2024 12/31/2025 12/31/2026 : = Choose from any list or enter any number in the input fields and then click Check Answer. Cash Accounts Payable Sales Revenue Bal. 468,966 410,000 Bal. 1,965,000 Bal. (z) 1,250 2,420 (z) Bal. 467,796 410,000 Bal. 1,965,000 Bal. Petty Cash Interest Payable Interest Revenue Bal. 120 4,200 Bal. O Bal. 1,250 (2) Bal. 120 5,450 Bal. Note Payable Accounts Receivable 200,000 Bal. Cost of Goods Sold Bal. 270,000 Bal. 853,000 200,000 Bal. Bal. 270,000 Bal. 853,000 Allowance for Bad Debts Bamerd, Capital Franchise Fee Expense 600,000 Bal. Bal. 58,950 O Bal. 600,000 Bal. Bal. 58,950 Merchandise Inventory Bamerd, Withdrawals Salaries Expense Bal. 257,000 Bal. 24,000 Bal. 210,000 Bal. 257,000 Bal. 24,000 Bal. 210,000 Office Supplies Utilities Expense Bal. 1,007 Bal. 13,000 Bal. 1,007 Bal. 13,000 Prepaid Insurance Insurance Expense Bal. 3,400 Bal. 0 Bal. 3,400 Interest Receivable Supplies Expense Bal. 0 Bal. 0 Notes Receivable Bad Debts Expense Bal. 260,000 Bal. 0 Bal. 260,000 Bank Expense Land (z) 2,420 Bal. 50,000 Bal. 2,4201 Bal. 50,000 Credit Card Expense Bal. 750 Building 495,000 Bal. Bal. 750 O Bal. Depr. Expense-Store Fixtures Store Fixtures Bal. 0 Bal. 105,000 Depr. Expense-Office Equipment Bal. 105,000 Bal. Accum. Depr.Store Fixtures Amortization Expense- Franchise O Bal. Bal. Office Equipment Bal. 55,000 Interest Expense Bal. 55,000 Bal. Accum. Depr.Office Equipment Cash Short and Over Bal. 7 O Bal. Bal. Franchise Bal. 54,000 Screenshot Bal. 54,000