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Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Prepare a journal entry to record he depreciation and amortization, if any, calculated in requirement 2 . (If no entry is require for a transaction/event, select "No Journal Entry Required" in the first account field.) Required information PA9-3 (Algo) Analyzing and Recording Long-Lived Asset Transactions with Partial-Year Depreciation (LO 9-2, LO 9-3, LO 9-6] [The following information applies to the questions displayed below] Precision Construction entered into the following transactions during a recent year, January 2 Purchased a bultdozer for $258,000 by paying $24,000 cash and signing a $234,000 note due in five January 3 Replaced the steel tracks on the butldozer at a cost of $24, 000 , purchased on account. The new steel tracks increase the bulldozer's operating efficiency. January 30 Wrote a check for the anount owed on account for the work conpleted on January 3. February 1 Repaired the leather seat on the bultidozer and wrote a check for the futl $1,200 cost. March 1 Paid $6,000 cash for the rights to use conputer software for a two-year period. 1-b. Prepare the journal entries for each of the above transactions. 2. For the tangible and intangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization, If any, that Precision Construction should report for the quarter ended March 31. The equipment is depreciated using the double-declining-balance method with a useful life of five years and $44,000 residual value. The licensing right is amortized using the straight-line method with a useful life of two years and no residual value. 3. Prepare a journal entry to record he depreciation and amortization, if any, calculated in requirement 2. (x) Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. For the tanglble and intangible assets acquired in the preceding transactions, determine the amount of depreciation and amortization, if any, that Precision Construction should report for the quarter ended March 31. The equipment is depreciated using the double-declining-balance method with a useful life of five years and $45,000 residual value. The licensing right is amortized using the straight-line method with a useful life of two years and no residual value. (Do not round intermediate calculations.) (x) Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Prepare a journal entry to record he depreciation and amortization, if any, calculated in requirement 2. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)