10. Mark's Manufacturing Center uses the straight-line method of depreciation. The company's fiscal year-end is December 31. The following transactions and events occurred during the company's first three years of operations. Journalize each transaction on the books of Mark's Manufacturing Center. (10 points) 2021 July 1 Purchased equipment online from Alta Equipment for $5,500 cash, plus sales tax of Nov. 3 Dec. 31 $305, and shipping costs of $250. Paid a mechanic $240 to perform routine maintenance on the equipment. Recorded depreciation on the equipment for the period 7/1/21 12/31/21. The equipment has an estimated total useful life of 4 years and an estimated salvage value of $455 2022 Dec. 31 Recorded 2022 depreciation. 2023 Jan. 1 Paid $1,800 for a major upgrade of the equipment. This upgrade is expected to increase the operating efficiency and production capacity of the equipment.