The following data relate to the Plant Assets account of Sage Hill Inc. at December $31,2022$: Account Titles and Explanation

$($To record depreciation on Asset A$)$

$($To record disposal of Asset A$)$

$($To record depreciation on Asset B$)$

$($To record depreciation on Asset C$)$

$($To record cost of Asset E$)$

$($To record depreciation on Asset E$)$

$($To record depreciation on Asset D$)$

Note: In the year an asset is purchased, Sage Hill does not record any depreciation expense on the asset. In the year an asset is retired

or traded in$,$ Sage Hill takes a full year's depreciation on the asset.

The following transactions occurred during $2023$:

On May $5,$ Asset A was sold for $$17,000$ cash. The company's bookkeeper recorded this retirement as follows:

Cash $,17,000$

Asset A $,17,000$

On December $31,$ it was determined that Asset B had been used $3,100$ hours during $2023.$

On December $31,$ before calculating depreciation expense on Asset C$,$ Sage Hill's management decided that Asset C$\text{'}$s

remaining useful life should be nine years as of year end.

On December $31,$ it was discovered that a piece of equipment purchased in $2022$ had been expensed completely in that year.

The asset cost $$30,000,$ had a useful life of $10$ years when it was acquired, and had no residual value. Management has

decided to use the double$-$declining$-$balance method for this asset, which can be referred to as "Asset E$"$ Ignore income taxes.

$($a$)$ Prepare any necessary adjusting journal entries required at December $31,2023,$ as well as any entries to record depreciation for

$($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No

Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries. Round depreciation per unit to $2$ decimal

places, e$.$g$.15\mathrm{.}25$ and final answers to $0$ decimal places, e$.$g$.5,275.)$