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 Raid $99,000 cash to purchase storage shed components. January 3, 2020 paid $2,000 cash to have the storage shed erected. The storage shed has an estimated 1 ife of 10 years and a residual value of $5,000. April 1, 2020 paid $45,000 cash to purchase a pickup truck for use in the buniness. The truck has an estimated usefui lite of 1 ive years and a residual value of $3,000. This vehicle 1s to be recorded in the Truck account. Kay 13,2020 Paid $900 cash for ninor repairs to the plckup truek's upbolstery. July 1,2020 Daid $16,000 cash to parchase patent rights on a new paper bag manufacturing process. The patent is estimated to have a remaining ueeful life of five years. December 31, 2020 Recorded depreciation and amortization on the pickup truck, storage shed, and patont. June 30,2021 Sold the piekup truck for $38,000 cash. (Record the depreciation on the truck prior to recording its disposal.) Decenber 31, 2021 Recorded depreciation on the storage shed. Recorded the patent anortization. After recording the patent amortization, deternined that the patent was impaired and wrote off its remaining book value (1.e., vrote 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.) June 30,2021 sold the plekap truek for $38,000 eash. (Record the depreciation on the truck prior to recording its disponal.) December 31,2021 Recorded depreciation on the storage shed, Recordod the patent amortization. After recording the patent asortization, determined that the patent was impaired and wrote off its remaining book value (1.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.)