On January $2,2024,$ Tamarisk Company purchased the following two machines for use in its production process.Machine A:Machine B:The cash price of this machine was $$39,500.$ Related expenditures also paid in cash included provincial sales tax $$3,000,$ shipping costs $$200,$ insurance during shipping $$60,$ installation and testing costs $$100,$ and $$100$ of oil and lubricants to be used with the machinery during its first year of operations. Tamarisk estimates that the useful life of the machine is $5$ years with a $$4,100$ residual value remaining at the end of that time period. Assume that the straight$-$line method of depreciation is used.The recorded cost of this machine was $$180,000.$ Tamarisk estimates that the useful life of the machine is $5$ years with a $$9,950$ residual value remaining at the end of that time period.$($a$)$Prepare the following for Machine A$\mathrm{.}1.$ The journal entry to record its purchase on January $2,2024\mathrm{.}2.$ The journal entry to record annual depreciation expense at December $31,2024.$