Save & EX Help 2. On March 31, 2020, $50,000 was paid to a contractor to landscape the area around a manufacturing plant, including the installation of a sprinkler system. The expenditure was debited to the Land account. The landscaping is expected to have a 20-year useful life and no residual value Kl uses the straight-line method of depreciation for all depreciable assets. Required: 1. Prepare the journal entries at December 31, 2021, to correct the errors (ignore Income taxes) 2. Prepare the journal entries to record 2021 depreciation for any assets recorded in requirement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entries at December 31, 2021, to correct the errors (ignore income taxes). (If no entry is required for a transaction/event, select "No journal entry required in the first account held.) View transaction et View journal entry worksheet Event No 1 General Journal Credit 1 Equipment Retained earnings Debit 100,000 100,000 2 Land improvements Land 50,000 50,000 Required 2 >