2. In a business with financial years ended 31 December. A machine is bought for P200,000 on 1 January Year 1. The estimated useful life is 8 years. In Year 6. the machinery has been sold for P18,500. Show the accounting entries for each year up to Year 6. You are to show for each year up to 31 Dec Year 6 : (a) Machinery account (b) Provision for depreciation () Disposal account (d) Profit and loss account (f) Balance sheet