Asset records of Reston Company show the following at the beginning of the current year.

Plant building $($residual value, $$78,000$ ; estimated useful life, $20$ years$)$ $$390,000$

Accumulated depreciation, plant building $234,000$

Equipment $($residual value, $$91,000$ ; estimated useful life, $10$ years$)468,000$

Accumulated depreciation, equipment $234,000$

During the current year ending December $31,$ the following transactions $($summarized$)$ were completed.

$1.$ Expenditures for nonrecurring, relatively large repairs that tend to increase economic utility but not the economic lives of the assets follow.

Plant building $$117,000$

Equipment $39,000$

Replacement of original electrical wiring system of plant building$*75,400$

$(*$original cost$,$ $$46,800,75\%$ depreciated$)$

$2.$ Asset additions follow.

Plant building$$added small wing to plant building to accommodate new equipment acquired; wing has useful life of $18$ years and no residual value $$140,400$

Equipment$$added safety devices to $10$ machines; devices are attached to the machines and have to be replaced every five years $($no residual value$)26,000$

$3.$ Outlays for maintenance, parts, and labor to keep assets in normal working condition follow.

Quarter Plant Building Equipment

$1$ $$4,160$ $$4,940$

$2$ $$4,680$ $$15,860$

$3$ $$4,160$ $$2,600$

$4$ $$5,200$ $$26,000$

Required

Prepare the necessary journal entries to record transactions $1,2$ and $3.$

Required

Prepare the necessary journal entries to record transactions $1,2$ and $3.$