Please answer three journal entries.

Intermediate Accounting (9th Edition)

The Collins Corporation purchased office equipment at the beginning of 2016 and capitalized a cost of $2,135,000. This cost included the following expenditures Purchase price Freight charges Installation charges Annual maintenance charge Total $1,940,000 39,000 29,000 127,000 $2,135,000 The company estimated an ten-year useful life for the equipment. No residual value is anticipated. The double-declining-balance method was used to determine depreciation expense for 2016 and 2017 In 2018, after the 2017 financial statements were issued, the company decided to switch to the straight-line depreciation method for this equipment. At that time, the company's controller discovered that the original cost of the equipment incorrectly included one year of annual maintenance charges for the equipment. Required 1 & 2. Ignoring income taxes, prepare the appropriate correcting entry for the equipment capitalization error discovered in 2018 and any 2018 journal entry(s) related to the change in depreciation methods. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 Record the entry to correct incorrect accounts Note: Enter debits before credits Event General Journal Debit Credit etained earnings ccumulated depreciation Journal entry worksheet 3 Record entry in 2018 due to the change in depreciation methods. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 2 Record the 2018 adjusting entry for depreciation Note: Enter debits before credits. Event General Journal Debit Credit Accumulated depreciation Record entry Clear entry View general journal