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Oki Company pays $252,50 for equipment expected to last four years and have a $30,000 salvage value. Prepare journal entries to record the following costs related to the equipment 1 During the second year of the equlpment's life, $15,900 cash is paid for a new component expected to increase the equipments productivity by 10% a year. 2. During the third year, $3,975 cash is paid for normal repairs necessary to keep the quipment in good working order 3. During the fourth year, $8,850 is paid for repairs expected to increse the usefulife of the equipment from four to five yeers View transaction list Journal entry worksheet Record the betterment cost of $15,900 paid in cash oe: Enter debits berfore credits