$[$The following information applies to the questions displayed below.$]$

During the current year ending on December $31,$ BSP Company completed the following transactions:

a$.$ On January $1,$ purchased a patent for $$28,800$ cash $($estimated useful life, six years$).$

b$.$ On January $1,$ purchased another business for $$155,000$ cash, including $$6,000$ for goodwill. The assets included

accounts receivable with a fair value of $$11,000$ and property and equipment with a fair value of $$138,000($with a

residual value of $$14,490$ and estimated useful life of $10$ years$).$ The company assumed no liabilities. Goodwill has an

indefinite life.

c$.$ On December $31,$ constructed a storage shed on land leased from D$.$ Heald. The cost of the shed was $$32,600.$ The

company uses straight$-$line depreciation. The lease will expire in three years. $($Amounts spent to enhance leased

property are capitalized as intangible assets called Leasehold Improvements.$)$

d$.$ Total expenditures for ordinary repairs were $$5,900$ during the current year.

e$.$ On December $31$ of the current year, sold Machine A for $$8,000$ cash. Original cost was $$23,000$; accumulated

depreciation to December $31$ of the prior year was $$15,040($on a straight$-$line basis with a $$4,200$ residual value and

five$-$year useful life$).$ Record the depreciation expense in transaction e$(1)$ and the sale in transaction e$(2).$

f$.$ On December $31$ of the current year, paid $$5,100$ for a complete reconditioning of Machine B acquired on January $1$ of

the prior year. Original cost, $$41,600$; accumulated depreciation to December $31$ of the prior year was $$3,400($on a

straight$-$line basis with a $$7,600$ residual value and $10-$year useful life$).$

For each of these the assets involved in transactions $($a$)$ through $($f$),$ record the adjusting entry for depreciation or amortization

expense at the end of the current year.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Record $$28,800$ purchase of patent for cash on January

Record $$155,000$ purchase of another business for cash,

including goodwill for $$6,000,$ accounts receivable with a

fair value of $$11,000$ and property and equipment with a

fair value of $$138,000.$

Record $$32,600$ construction of a storage shed on a

leased land.

Record $$5,900$ expenditures for ordinary repairs during

the current year.

On December $31$ of the current year, sold Machine A for

$$8,000$ cash. Original cost was $$23,000$; accumulated

Note : $Q=$ journal entry has been entered

answer or one is not patent and cash