14 Required information Part 2 of 3 CC9-1 Accounting for the Use and Disposal of Long-Lived Assets [LO 9-3, LO 9-5) [The following information applies to the questions displayed below.] 2.06 points Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs at NGS. The machine was purchased at the beginning of the year at a cost of $10,500. The estimated useful life was five years and the residual value was $500. Assume that the estimated productive life of the machine is 10,000 hours. Expected annual production was year 1, 2,450 hours; year 2, 2,300 hours, year 3, 2,150 hours; year 4, 2,100 hours, and year 5, 1,000 hours. eBook CC9-1 Part 2 Print 2. Assume NGS sold the hydrotherapy tub system for $3,150 at the end of year 3. Prepare the journal entry to account for the disposal of this asset under the three different methods. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest dollar amount.) References View transaction list Journal entry worksheet Record the disposal of the hydrotherapy tub system for $3,150 in year 3 assuming depreciation was calculated using the straight-line method. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal View transaction list Journal entry worksheet