ABC Company purchases a new machine for cash. The machine costs are $150,000. The 2 company also must pay freight of S750 to get the machine delivered and $500 to get the machine installed. The equipment company has agreed to a 10% reduction in price if ABC accepts the machine by the end of June - which ABC has agreed to. ABC has decided to depreciate the machine by the units of output method. It determines there is salvage value of $2500. The machine will be depreciated over 5 years. The following is the information for 4 units of output. Year 1 Year 2 Year 3 Year 4 1250 hours 1500 hours 2000 hours 2500 hours 1750 hours 10 Year 5 Record the journal entry for the purchase of the equipment for this year, and the journal entry that ABC will record next June for the first year of depreciation on the equipment 15 nits of Output