In 2011, the internal auditors of KJI Manufacturing discovered the following material errors made in prior years: 1. Equipment was purchased on June 30, 2009, for $100,000. The purchase was incorrectly recorded as a debit to repair and maintenance expense. The equipment has a useful life of five years and no residual value. 2. On March 31, 2010, $50,000 was paid to a contractor to landscape the area around a manufacturing plant including the installation of a sprinkler system. The expenditure was debited to the Land account. The landscaping is expected to have a 20-year useful life and no residual value. KJI uses the straight-line method of depreciation for all depreciable assets. Required: 1. Prepare the journal entries at December 31, 2011 to correct the errors (ignore income taxes). 2. Prepare the journal entries to record 2011 depreciation for any assets recorded in requirement 1