Journal entry worksheet Record to update depreclation in 2023 regarding motor being replaced. Note: Enter debits before credits. 2. Calculate total depreciation taken on the fishing boat (body plus moton) for the company's year ended December 31, 2023. (Round the final answers to the nearest whole dollar.) Journal entry worksheet Journal entry worksheet Record revised depreciation for 2023 on the boat (boat body plus motor). Note: Enter debits before credits. Ocean Fishers Ltd had a 22 -foot fishing boat with an inboard motor that was purchased on April 9, 2015, for $99,000. The PPE subledger shows the following information regarding the boat: On June 27,2023,$72,000 cash was paid for a new motor to replace the old one, which was scrapped. The new motor had an estimated useful life of 12 years and a residual value of $6,000. Early in 2023 , it was determined that the useful life of the boat's fibreglass body should be adjusted to a total of 20 years with no change in the residual value. Required: 1. Record the appropriate entries regarding the a. Purchase of the replacement motor on June 27, 2023