The following transactions and adjusting entries were completed by a paper-packaging company called Gravure Graphics International during 2018 and 2019. The company uses straight-line depreciation for trucks and other vehicles, double-declining-balance depreciation for buildings, and straight-line amortization for patents.

Need assistance with the journal entries required on each of the dates.

2018 January 2 Paid $85, 000 cash to purchase storage shed components, January 3 Paid $5,000 cash to have the storage shed erected. The storage shed has an estimated life of 10 years and a residual value of $8,000. April 1 Paid $41,000 cash to purchase a pickup truck for use in the business. The truck has an estimated useful life of five years and a residual value of $6,000. May 13 Paid $600 cash for minor repairs to the pickup truck's upholstery. July 1 Paid $30,000 cash to purchase patent rights on a new paper bag manufacturing process. The patent is estimated to have a remaining useful life of five years. December 31 Recorded depreciation and amortization on the pickup truck, storage shed, and patent. 2019 June 30 Sold the pickup truck for $35,000 cash. (Record the depreciation on the truck prior to recording its disposal. ) December 31 Recorded depreciation on the storage shed. Also determined that the patent was impaired and wrote off its remaining book value (d.e. , wrote down the book value to zero)