View Policies Current Attempt in Progress On January 2, 2022, Mecklenberg Company purchased equipment in exchange for $75,000 cash. The equipment has an estimated salvage value of $15,000, an estimated life of 3 years, and is depreciated by the straight-line method. Use the following tabular analysis to record: (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg (45) (1) The acquisition of the asset at January 2, 2022. (2) Depreciation expense at December 31, 2022. Assets Liabilities Cash Equipment Accumulated Depreciation Notes Payable Jan 2 Dec 31