The following transactions and adjusting entries were completed by Gravure Graphics International, a paper-packaging company. The company uses straight-line depreciation for trucks and other vehicles, double-declining-balance depreciation for buildings, and straight-line amortization for patents. 2, 2016 Paid $92,200 cash to purchase storage shed components 3, 2016 Paid $4,300 cash to have the storage shed erected; storage shed has an estimated life of ten years January January and a residual value of $12,000. 1, 2016 Paid $30,300 cash to purchase a pickup truck for use in the business; truck has an estimated useful April life of five years and a residual value of $7,300 $180 cash for repairs to the pickup truck. 13, 2016 Paid May ly paper bag manufacturing process 2016 1 patent is estimated to have a remaining useful life of five years. December 31, 2016 Recorded depreciation and amortization on the pickup truck, storage shed, and patent. 30, 2017 Sold the pickup truck for $26,350 cash. (Record the depreciation on the truck prior to recording its June disposal.) December 31, 2017 Recorded depreciation on the storage shed; 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.) Journal entry worksheet 6 7 9 1 2 3 4 5 Recorded depreciation and amortization on the pickup truck, storage shed, and patent. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2016Depreciation expense Record entry Clear entry View general journal Journal entry worksheet 1 2 6 7 Record the depreciation on the truck at the time of disposal Note: Enter debits before credits. Credit Debit Date General Journal Jun 30, 2017 Record entry Clear entry View general journal Journal entry worksheet 8 1 2 5 6 Sold the pickup truck for $26,350 cash. Note: Enter debits before credits. Date General Journal Debit Credit Cash 26,350 Jun 30, 2017 26,350 Record entry Clear entry View general journal Journal entry worksheet 1 2 4 5 6 7 Recorded depreciation on the storage shed; determined that the patent was impaired and wrote off its remaining book value (i.e., wrote down the book value to zero). Note: Enter debits before credits. Debit Date General Journal Credit Dec 31, 2017 Record entry Clear entry View general journal