Clave Building Products, Inc. conducts regularly scheduled maintenance of its machinery and equipment every Friday afternoon. The cost of maintenance for the current year amounted to $ 345,000. The regular maintenance revealed the need to conduct a major overhaul on one of Clave’s older pieces of equipment. The firm completed the overhaul this year at a cost of $ 16,000. In addition, the company installed a new roof on its factory at a total cost of $ 59,000. Due to increased demand for its products, Clave decided to expand one of its loading docks. The cost of the factory expansion was $ 187,000. The new roof and overhaul extended the assets’ useful lives. Prepare the journal entry (entries) required to record the above transactions. Assume Clave paid for all expenditures in cash.