The December $31,2023,$ adjusted trial balance of Maritime Manufacturing showed the following information:

Single Machinery

Accumulated depreciation, machinery ${?}^1$

Office furniture

$$600,000$

$276,300$

$100,600$

$55,100$

Accumulated depreciation, office furniture ${?}^2$

${?}^1$ Remaining useful life four years; estimated residual $$80,000.$

${?}^2$ Remaining useful life five years; estimated residual $$12,300.$

Early in $2024,$ the company made a decision to stop making the items produced by the machinery and buy the items instead. As a result, the remaining useful life was decreased to two years and the residual value was increased to a total of $$120,000.$ At the beginning of $2024,$ it was determined that the estimated life of the office furniture should be reduced by two years and the residual value decreased by $$7,000.$ The company calculates depreciation using the straight$-$line method to the nearest month.

Required:

Prepare the entries to record depreciation on the machinery and office furniture for the year ended December $31,2024.($Round the final answer to the nearest whole dollar.$)$