1 K L M Policies (V1) Pharoah Company purchased a hot tub for $10,790 on January 1, 2018. Straight-line depreciation is used, based on a 6-year life and a $1,730 salvage value. In 2020, the estimates are revised. Pharoah now feels the hot tub will be used until December 31, 2022, when it can be sold for $810. 2 3 4 Instructions Prepare the journal entry to record the depreciation expense for 2020. (Show ALL calculations). 5 6 7 8 Please use the space below to show support for your calculations. 1 Please provide your journal entry (omit explanations) in the table below. Date Accounts Debit Credit Policies (V1) New