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 arid other vehicles, double-declining-balance depreciation for bulidings, and straight-line amortization for patents. January 2, 2020 Paid $99,000 canh to purchase storage shed components. January 3, 2020 Paid $2,000 cash to have the storage shed ereoted. The ntorage shed has an estimated life of 10 years and a realdaal value of $5,000. April 1, 2020 Paid $45,000 cash to purchase a pickup truck for use in the business. The truck has an estinated useful life of five years and a residual value of $3,000. This vehiole in to be recorded in the Truck account. May 13, 2020 Paid $900 eash for minor repairs to the piekup truck's upholntery. July 1, 2020 paid $16,000 cash to purehase patent rights on a nes paper bag manufacturing process. The patent is estimated to have a reaaining useful 1ife of five years. December 31, 2020 Recorded depreciation and amortization on the pickup truck, storage ahed, and patent. Jine 30, 2021 sold the plekup truck for $38,000 cash. (Record the depreoiation on the truck prior to recording ita dispona1.) Decenber 31, 2021 fecorded depreeiationl on the otorage shed. Recorded the patent arortiaation. After recording the patent amortization, determined that the patent was impaired and wrote oft its renaining beok 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.) meu ano patent ror the year. June 30, 2021 Sold the piekup truck for $38,000 cash. (Record the depreciation on the truck prior to recording itan disposal.) December 31, 2021 Recorded depreciation on the storage shed. Recorded the patent anortization. After recording the patent amortiration, deternined that the pateht 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.) Journal entry worksheet 1 (8) 9 (10) (12) Record the depreciation and amortization expense on the pickup truck, storage shed and patent for the year. Note: Enter debits before credits. Journal entry worksheet 1 5 8 9 Record the depreciation for the truck up to the date of sale. Note: Enter debits before credits. Journal entry worksheet Journal entry worksheet (1) 5 6 7 8 Record the depreciation on the storage shed for the year. Note: Enter debits before credits. Journal entrv worksheet Record the Patent Amortization expense for the full year. Note: Enter debits before credits