Sarah Limited after launching a new department, decided to buy some additional capital assets. The company negotiated with a company which was going bankrupt. It purchased land building and equipment for $750.000, The accountant of Sarah company had to estimate the book value of each long-term asset based on market value of these assets as given in the table below: Assets Market Value $ Land 310.000 Building 230,000 Equipment 160.000 REQUIRED The company above depreciate the building using double declining approach. Additional information is provided to depreciate the building. they are as follows: Estimated salvage value = $70,000 Estimated useful life = 6 years Purchase date = April 30, 2018 REQUIRED 1. Make a depreciation schedule for the building using double declining method. 2. Journalize the depreciation expense for year 2018 3. Give a balance sheet extract for the year 2020