The following information applies to the questions displayed below. Rudy's Restaurant Company (RRC) entered into the following transactions during a recent year. April 1 Purchased equipment (a new walk-in cooler) for $5,000 by paying $1,000 cash and signinga April 2 Enhanced the equipment (by replacing the air-conditioning system in the walk-in cooler) at a April 30 Wrote a check for the amount owed on account for the work completed on April 2. $4,000 note due in six months. cost of $3,000, purchased on account. May 1 A local carpentry compan repaired the restaurant's front door, for which RRC wrote a check June 1 Paid $9,120 cash for the rights to use the name and store concept created by a different for the full $120 cost restaurant that has been successful in the region. 1-b. Prepare the journal entries for each of the above transactions. 2. For the tangible and intangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization that Rudy's Restaurant Company should report for the quarter ended June 30. Equipment is depreciated using the straight-line method with a useful life of five years and no residual value. The RRC franchise right is amortized using the straight- line method with a useful life of four years and no residual value. 3. Prepare a journal entry to record the depreciation and amortization calculated in requirement 2