The following transactions and adjusting entries were completed by a paper$-$packaging company called Gravure Graphics

International. The company uses straight$-$line depreciation for trucks and other vehicles, double$-$declining$-$balance depreciation for

buildings, and straight$-$line amortization for patents.

January $2,2020$ Paid $$87,000$ cash to purchase storage shed components.

January $3,2020$ Paid $$3,000$ cash to have the storage shed erected. The storage shed has an estimated life of $10$ years and a

residual value of $$6,000.$

April $1,2020$ Paid $$39,000$ 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 $$4,000.$ This vehicle is to be recorded in the Truck account.

May $13,2020$ Paid $$400$ cash for minor repairs to the pickup truck's upholstery.

July $1,2020$ Paid $$28,000$ 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 $31,2020$ Recorded depreciation and amortization on the pickup truck, storage shed, and patent.

June $30,2021$ Sold the pickup truck for $$33,000$ cash. $($Record the depreciation on the truck prior to recording its disposal.$)$

December $31,2021$ Recorded depreciation on the storage shed. Recorded the patent amortization. After recording the patent

amortization, determined that the patent was impaired and wrote off its remaining book value $($i$.$e$.,$ wrote down

the book value to zero$).$

Required:

Prepare the journal entries required on each of the above dates. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal

Entry Required" in the first account field. Do not round intermediate calculations.$)$