Togo's Sandwich Shop had the following long-term asset balances as of January 1, 2021: Accumulated Cost Depreciation Book Value Land $ 65,000 $ 65,000 Building 540,000 $ (102,600 ) 437,400 Equipment 114,000 (26,000 ) 88,000 Patent 75,000 (30,000 ) 45,000 Togo's purchased all the assets at the beginning of 2019 (3 years ago). The building is depreciated over a 20-year service life using the double-declining-balance method and estimating no residual value. The equipment is depreciated over a 8-year useful life using the straight-line method with an estimated residual value of $10,000. The patent is estimated to have a five-year service life with no residual value and is amortized using the straight-line method. Depreciation and amortization have been recorded for 2019 and 2020. Required: 1. For the year ended December 31, 2021, record depreciation expense for buildings and equipment. Land is not depreciated. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)