Need help with the journal entry portion of this..

Highsmith Rental Company purchased an apartment building early in 2024. There are 25 apartments in the building and each is furnished with major kitchen appliances. The company has decided to use the group depreciation method for the appliances. The following data are available: Appliance Stoves Refrigerators Dishwashers Service Life Residual Value (in Years) Cost 21,eo 16,eo 14,eo $ 3,aa 4, aaa 3, eaa In 2027, two new refrigerators costing $3,000 were purchased for cash. In that same year, the old refrigerators, which originally cost S2,100, were sold for S500_ Required: 1. Calculate the group depreciation rate, group life, and depreciation for 2024. 2. Prepare the journal entries to record the purchase of the new refrigerators and the sale of the old refrigerators. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entries to record the purchase of the new refrigerators and the sale of the old refrigerators. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet 2 Record the sale of old refrigerators. 4 of 8 Next