X Answer is complete but not entirely a Complete this question by entering your answers in the tabs below. Required 1 Required 2 For each asset category, prepare a schedule showing depreciation or amortization 2021. (Do not round Intermediate calculations. Round your final answers to neares CORD COMPANY Depreciation and Amortization Expense For the Year Ending December 31, 2021 Land Improvements Buildings Equipment Automobiles and trucks Leasehold improvements Total depreciation and amortization expense for 2021 $ 13,500 155, 106 152,200 +23,016 22,400 $ 366,222 equipment. On January 4, 2021, $15,200 was spent to repair the equipment and to add a feature that increased its operating efficiency of the total expenditure, $3,300 represented ordinary repairs and annual maintenance and $11,900 represented the cost of the new feature, In addition to increasing operating efficiency, the total useful life of the equipment was extended to 10 years. Required: 1. Prepare journal entries for the depreciation for 2019 and 2020. 2. Prepare journal entries for the 2021 expenditure. 3. Prepare journal entries for the depreciation for 2021. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries for the depreciation for 2021. (If no entry is required for a transaction/event, select "No journal entry required in the first account held.) Debit Credit No General Journal Date 1 December 31, 202 Depreciation expense 7,4253 Accumulated depreciation equipment 7,425