Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries for the 2018 expenditure. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the 2018 expenditure. Note: Enter debits before credits. Date General Journal Debit Credit January 04, 2018 Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Required 1Required 2 Required 3 Prepare journal entries for the depreciation for 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the depreciation expense for 2018. Note: Enter debits before credits. Date Credit General Journal Debit December 31, 2018 Record entry Clear entry View general journal Problem 11-4 Partial-year depreciation; asset addition; increase in useful life [LO11-2,11-5, 11-9] On April 1, 2016, the KB Toy Company purchased equipment to be used in its manufacturing process. The equipment cost $59,200 has an eight-year useful life, and has no residual value. The company uses the straight-line depreciation method for all manufacturing equipment. On January 4, 2018, $16,150 was spent to repair the equipment and to add a feature that increased its operating efficiency. Of the total expenditure, $3,000 represented ordinary repairs and annual maintenance and $13,150 represented the cost of the new feature. In addition to increasing operating efficiency, the total useful life of the equipment was extended to 10 years Required 1. Prepare journal entries for the depreciation for 2016 and 2017 2. Prepare journal entries for the 2018 expenditure 3. Prepare journal entries for the depreciation for 2018 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries for the depreciation for 2016 and 2017. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the depreciation expense for 2016 Note: Enter debits before credits Debit Date Credit General Journal December 31, 2016 Record entry Clear entry View general journal