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. 2018 January 2 Paid $96,000 cash to purchase storage shed components. January 3 paid $6,000 cash to have the storage shed erected. The storage shed has an estimated 11te of 10 yours and residual value of $9,000. April 1 Paid $42,000 cash to purchase a pickup truck for use in the business. The truck has an estimated useful lite of five years and a residual value of $7,000. May 13 Paid 5600 cash for minor repairs to the pickup truck's upholstery. July 1 Paid $19,000 cash to purchase patent right on a new paper bag manufacturing process. The patent in 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 fold the pickup truck for $36.000 cash (Record the depreciation on the truck prior to recording to disposal.) December 31 Recorded depreciation on the storage shed. Also determined that the patent was impared and wrote oft ita remaining book value (1.0., 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 flold. Do not round Intermediate calculations.) Recommendation: Watch the Topic Videos for chapter 9 (accessed via the Canvas homepage). Several of the videos provide examples that might be helpful in understanding and completing this problem A Record the sale of the truck for $36,000 cash. Note: Enter debits before credits. General Journal Debit Credit Date June 30, 2019 36,000 Cash Accumulated Depreciation Equipment Equipment Gain on Disposal Record entry Clear entry View general journal Record the reversal of the accumulated amortization of patents. Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2019 Record entry Clear entry View general journal Journal entry worksheet 1 5 6 7 8 9 10 11 13 Record any impairment loss incurred on the patent. Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2019 Record entry Clear entry View general journal