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 2018. Building, straight-line, 30 years, 570,000 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 Accumulated Date Cost Cost Life Expense Depreciation 1/1/2018 70000 Book Value 12/31/2018 12/31/2019 12/31/2020 11 12/31/2021 11 12/31/2022 Chef Cash Accounts Payable Bal 379,594 Sales Revenue 1.935 000 Bal 310,000 Bal (2) 1,790 (2) 1.450 379,254 Bal 310,000 Bal 1.935,000 Bal Interest Payable Interest Revenue Petty Cash 220 Bal. 7.700 Bal O Bal 1.450 (2) Bal 220 9.150 Bal Note Payable 200.000 Bal Accounts Receivable Cost of Goods Sold Bal. 230,000 Bal 841 000 200.000 Bal Bal 230,000 Bal 841.000 Allowance for Bad Debts Franchise Fee Expense Bain, Capital 600,000 Bal. Bal 135.450 O Bal 600,000 Bal Bal 135 450 Bain, Withdrawals Salaries Expense Merchandise Inventory Bal 279,000 Bal 15.000 Bal 150.000 Bal 279,000 Bal 15.000 Bal 150,000 Utilities Expense Office Supplies 1,634 Bal Bal 12.500 Bal 1,634 Bal 12.500 Insurance Expense Prepaid Insurance 3,000 Bal Bal Insurance Expense Prepaid Insurance 3,000 Bal Bal Bal 3,000 Interest Receivable Supplies Expense Bal 0 Bal Notes Receivable Bad Debts Expense Bal. 210,000 Bal Bal 210,000 (2) Land 80,000 Bank Expense 1.790 1.790 Bal Bal Bal 80,000 Credit Card Expense Bal. 1.300 Building 550,000 Bal Bal 1 300 Bal 550,000 Depr. Expense-Building Accum. Depr.- Building Bal O Bal Depr. Expense-Store Fixtures Store Fixtures Bal Bal 60,000 Depr. Expense-Office Equipment Bal 60,000 Building 550,000 Bal. Bal 1,300 Bal. 550.000 Depr. Expense-Building Accum. Depr.-Building Bal. 0 Bal Depr. Expense-Store Fixtures Store Fixtures Bal Bal 60,000 Depr. Expense-Office Equipment Bal 60,000 Bal Accum. Depr.- Store Fixtures Amortization Expense- Franchise O Bal Bal Office Equipment 50,000 Bal Interest Expense Bal 50,000 Bal Accum. Depr.-Office Equipment Cash Short and Over Bal 2 O Bal. Bal Franchise Bal 54,000 Bal 54,000 need it for straight Line Depreciation 2 Double Declining Balance 3 units of production