Holtzman Comparry is in the process of preparing its financial statements for 2020 . Assume that no entries for depreciation have been recorded in 2020. The following information related to depreciation of fweed assets is provided to you. 1. Holtzman purchased equipment on January 2,2017 , for \\( \\$ 64,600 \\). At that time, the equipment had an estimated useful life of 10 years with a \\( \\$ 3,800 \\) residual value. The equipment is depreciated on a straight-line basis. On January 2, 2020, as a result of additional information, the company determined that the equipment has a remaining useful life of 4 years with a \\( \\$ 2,280 \\) residual value. 2. During 2020 , Holtaman changed from the double-declining-balance method for its bullding to the straight-line method. The building originally cost \\( \\$ 228,000 \\). It had a useful life of 10 years and a residual value of \\( \\$ 22,800 \\). The following calculations present depreciation on both bases for 2018 and 2019. 3. Holtzman purchased a machine on July 1.2018, at a cost of \\( \\$ 91.200 \\). The machioe has a residual value of \\( \\$ 12.160 \\) and a useful life of 8 years. Holtzman's bookdeeper recorded straight-line depreciation in 2018 and 2019 but falled to consider the residual value. (a) Prepare the journal entries to record depreclation expense for 2020 and correct any ecrors made to date related to the information provided. (Ignore income tax considerations) (Credit account titles are automatically indented when the omount is entered. Do not inderit manually. If no entry is required, select \"No Entry\" for the axcount itles and entse ofor the onounts. Prepare the journal entries to record depreciation expense for 2020 and correct arry errors made to date related to the information provided. (Ignore income tax considerations.) (Credit occount tilles are outomaticolly indented when the amount is entered. Do not indent manually If no entry is required, select \"No Entry\" for the account titles and enter Ofor the amounts)