Jonas Company purchased a photocopier that cost $15,000. The copier was expected to last for 1.25 million copies. In the first year of service the copier produced 180,000 copies, in the second year 250,000 coples and in the third year it had produced 175,000 copies. The company decided to sel the machine for $6,500 in the third year Required: 1. Record the purchase and the three years of dopraciation. 2. Hecord the subsequent gain or lass on the disposat of the machine. 1. Record the purchase and the first year of depreciation on December 31. Record the second year of depreciation on December 31. Record the third year of depreciation on December 31 . 2. Record the subsequent gain or loss on the disposal of the machine on December 31 . General Joumal instructions