Comprehensive problem Alexander Ltd completed the following transactions during 2019. The company uses sum-of-years- digits depreciation and records depreciation to the nearest month. Ignore GST.

Jan 5	Purchased a used machine (no.1) for $8000 cash. The machine was painted and reconditioned at a cost of $900. During installation, one of the major components was dropped and had to be repaired at a cash cost of $300. The machine is expected to have a useful life of 4 years and a residual value of $500.
March 7	Purchased land and a building with the intention of tearing down the building and constructing a new office complex. Alexander Ltd paid $140 000 for the property, plus an agents commission of $8000 and title search fees of $2500
March 20	Paid Dans Demolition Services $9000 to demolish the building acquired on 7 March
April 10	The companys parking area was paved at a cost of $28000. The parking area has a useful life of 8 years with no residual value.
June 23	Purchased for cash a machine (No. 2) with a list price of $16500. The seller granted a 4% trade discount. Transportation and freight charges of $1236 were also paid. The machines useful life is estimated to be 5 years and its residual value $1600.
Nov 1	Purchased for $29000 cash a machine (No. 3) with a useful life of 8 years and a residual value of $1000.

Required:

i. Prepare journal entries to record all the transactions of Alexander Ltd.

ii. Prepare an entry to record depreciation expense on 31 December 2019.