Question: PLEASE PUT SOLUTION IN THE SAME FORMAT AS THE IMAGE. THANK YOU! On April 1, 2019, the KB Toy Company purchased equlpment to be used

PLEASE PUT SOLUTION IN THE SAME FORMAT AS THE IMAGE. THANK YOU!

On April 1, 2019, the KB Toy Company purchased equlpment to be used in Its manufacturing process. The equlpment cost $61,200, has an nine-year useful life, and has no residual value. The company uses the stralght-line depreciation method for all manufacturing equipment On January 4, 2021, $15,150 was spent to repair the equipment and to add a feature that increased Its operating efficiency. Of the total expenditure, $3,400 represented ordinary repalrs and annual malntenance and $11,750 represented the cost of the new feature. In addition to Increasing operating efficiency, the total useful life of the equipment was extended to 11 years. Required: 1. Prepare journal entries for the depreclation for 2019 and 2020 2. Prepare Journal entrles for the 2021 expenditure. 3. Prepare journal entrles for the depreclation for 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries for the depreciation for 2019 andd 2020. (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 > 1 2 Record the depreciation expense for 2019 Note: Enter debits before credits. Date General Journal Debit Credit December 31 2019 Record entry Clear entry View general journal Journal entry worksheet

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