Shaw Manufacturing paid $62,000 to purchase a computerized assembly machine on January 1, 2008. The machine had an estimated life of eight years and a $2,000 salvage value. Shaw's financial condition as of January 1, 2011, is shown in the following financial statements model. Shaw uses the straight-line method for depreciation.

Shaw Manufacturing made the following expenditures on the computerized assembly
machine in 2011.
Jan. 2 Added an overdrive mechanism for $6,000 that would improve the overall quality of the performance of the machine but would not extend its life. The salvage value was revised to $3,000.
Aug. 1 Performed routine maintenance, $1,150.
Oct. 2 Replaced some computer chips (considered routine), $950.
Dec. 31 Recognized 2011 depreciation expense.
Required
Record the 2011 transactions in a statements model like the precedingone.

Assets Equity Rev. -Exp. = Net Inc. | Cash Flow Cash Mach . -Acc. Dep.= Com. Stk. + Ret. Earn. 15,000 62,000 -22,500 8,000 + 46,500 NA-NA# NA NA