3. Martwell and Co. incurred the following costs on March 1, 2021. A machine was purchased for $85,000. The machine should last for 10 years and have a salvage value of $20,500 at that time. Shipping expenses were incurred of $5,000, installation of the machine cost $1000 Record the purchase of the machine, and the deprecation for 2021 and 2022.

3. Martwell and Co. incurred the following costs on March 1, 2021. A machine was purchased for $85,000. The machine should last for 10 years and have a salvage value of $20,500 at that time. Shipping expenses were incurred of $5,000, installation of the machine cost \$1000 Record the purchase of the machine, and the deprecation for 2021 and 2022 4. Record the sale of the machine that Martwell just purchased. The sale occurred on December 31,2023 . They received $20,000 in cash. 5. Record the sale of the machine that Martwell purchased in \#3, except this time they sold the machine on March 1, 2023 for $25,000