Togo's Sandwich Shop had the following long-term asset balances as of January 1, 2021: Land Building Equipment Patent $ Cost 85,000 560,000 145,000 125,000 Accumulaleu Depreciation. $ Book Value $ 85,000 (201,600) (30,000) (50,000) 358,400 115,000 75,000 Togo's purchased all the assets at the beginning of 2019 (3 years ago). The building is depreciated over a 10-year service life using the double-declining-balance method and estimating no residual value. The equipment is depreciated over a 9-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.) 2. For the year ended December 31, 2021, record amortization expense for the patent. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 3. Calculate the book value for each of the four long-term assets at December 31, 2021 Required 1: Record depreciation No. General Journal Debit Credit 1 2 Required 2: Record amortization No. 3 General Journal Debit Credit Required 3: Book values (insert book values in highlighted cells below and show all work for full credit!) Asset Book Value Land Building Equipment Patent