The following information was provided relating to an asset: - Acquisition date: 1 January 20X1 - Acquisition cost: $76,000 - Residual value; $6,000 - Estimated useful life: 5 years - Service hours: 35,000 - Productive output in units: 7,000 Actual Data: \begin{tabular}{|l|l|l|} \hline & Hours & Service \\ \hline 201 & Units \\ \hline 202 & 4,700 & 400 \\ \hline 203 & 6,900 & 1,100 \\ \hline 204 & 7,200 & 1,600 \\ \hline 205 & 7,600 & 1,800 \\ \hline & 8,600 & 1,100 \\ \hline & 35,000 & 1,000 \\ \hline \end{tabular} Required: Prepare the journal entries to record depreciation expense for each year of the asset's life, using the double declining balance method. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Use the editor to format your