I need help, today is Friday and I have this due on Sunday at 11:59. The answer for part A needs to be formatted like the second picture though.

Prepare the necessary correcting entries for the year 2026. Record the appropriate depreciation expense on the above-mentioned machines. No entry is necessary for Machine D. P10.4 (L. 1) (Depreciation and Error Analysis) A depreciation schedule for semi-trucks of Ichiro Manufacturing Company was requested by your auditor soon after December 31, 2026, showing the additions, retirements, depreciation, and other data affecting the income of the company in the 4-year period 2023 to 2026 , inclusive. The following data were ascertained. The Accumulated Depreciation-Trucks account previously adjusted to January 1, 2023, and entered in the ledger, had a balance on that date of $30,200 (depreciation on the four trucks from the respective dates of purchase, based on a 5 -year life, no salvage value). No charges had been made against the account before January 1, 2023. Transactions between January 1, 2023, and December 31, 2026, which were recorded in the ledger, are as follows. July 1. Truck No. 3 was traded for a larger one (No. 5), the agreed purchase price of which was $40,000. Ichiro paid the automobile dealer $22,000 2023 cash on the transaction. The entry was a debit to Trucks and a credit to Cash, $22,000. The transaction has commercial substance. Jan. 1. Truck No. 1 was sold for $3,500 cash; entry debited Cash and credited Trucks, $3,500. 2024 July 1, A new truck (No. 6) was acquired for 542,000 cash and was charged at that amount to the Trucks account. (Assume truck No. 2 was not 2025 retired.) July 1, Truck No. 4 was damaged in a wreck to such an extent that it was sold as junk for $700 cash. Ichiro recelved $2,500 from the insurance 2025 company. The entry made by the bookkeeper was a debit to Cash, \$3,200, and credits to Miscellaneous Income, \$700, and Trucks, \$2,500. Entries for straight-line depreciation had been made at the close of each year as follows: 2023, \$21,000; 2024, \$22,500; 2025, 525,050; and 2026, $30,400 Instructions a. For each of the 4 years, compute separately the increase or decrease in net income arising from the company's errors in determining or entering depreciation or in recording transactions affecting trucks, ignoring income tax considerations. b. Prepare one compound journal entry as of December 31, 2026, for adjustment of the Trucks account to reflect the correct balances as revealed by your schedule, assuming that the books have not been closed for 2026 . 3 Date Descrietion Joun Per Company Books 4 Date Description Trucks Accumulated Depreciation Trucks retained earnings Truds Accumulated Depreciation Trucks Retained earmitgs Net lncome