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10 9.09 points Book D PE PA9-4 (Algo) Recording Transactions and Adjustments for Tangible and Intangible Assets [LO 9-1, LO 9. 2, LO 9-3, LO 9-4, LO 9-5, LO 9-6) 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 and other vehicles, double declining-balance depreciation for buildings, and straight-line amortization for patents January 2, 2020 Paid 667,000 onth to purchand storage shed components January 3, 2020 Paid $3,000 cash to have the storage shed erected. The storage she has an estimated site of 10 years and a residual value of $6,000. April 1, 2020 Paid $39,000 cash to purchase a pickup truck for use in the business. The truck has an estimated useful life of five years and residual value of $4,000. This vehicle is to be recorded in the Truck account. May 13, 2020 paid $400 cash for minor repairs to the plokup truck's upholstery. July 1, 2020 Paid $20,000 casb to purchase patent right on a new paper bag nanataturing process. The patent is estimated to have a raining wetul life or five years December 31, 2020 Recorded depreciation and anorisation on the pickup truck, storage shed, and patent. June 30, 2021 Sold the pickup truck for $33,000 cash (Record the depreciation on the truck prior to recording its disposal.) December 31, 2021 Recorded depreciation on the storage shed. Recorded the patent amortization. After recording the patent sortiration, determined that the patent was impaired and vote off to renaining book value (1., wrote down the book value to sero) 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.) 3,000 Cash 30,000 3 April 01, 2020 Truck Cath 30,000 400 2 400 May 13, 2020 4 Repairs and Maintenance Expense Cash 20.000 20,000 4 5 Jy 01, 2020 Patent Cash