LIST OF ACCOUNTS AVAILABLE FOR THIS ASSIGNMENT.

On April 1, 2019, the KB Toy Company purchased equipment to be used in its manufacturing process. The equipment cost $56,200, has an ten-year useful life, and has no residual value. The company uses the straight-line depreciation method for all manufacturing equipment. On January 4, 2021, $14,450 was spent to repair the equipment and to add a feature that increased its operating efficiency. Of the total expenditure, $2,800 represented ordinary repairs and annual maintenance and $11,650 represented the cost of the new feature. In addition to increasing operating efficiency, the total useful life of the equipment was extended to 12 years. Required: 1. Prepare journal entries for the depreciation for 2019 and 2020. 2. Prepare journal entries for the 2021 expenditure. 3. Prepare journal entries for the depreciation for 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries for the depreciation for 2019 and 2020. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the depreciation expense for 2019. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2019 Record entry Clear entry View general journal Journal entry worksheet Record the depreciation expense for 2020. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2020 Record entry Clear entry View general journal Journal entry worksheet 1 Record the 2021 expenditure. Note: Enter debits before credits. Date General Journal Debit Credit January 04, 2021 Record entry Clear entry View general journal Journal entry worksheet 1 Record the depreciation expense for 2021. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2021 Record entry Clear entry View general journal No journal entry required Accounts payable Accounts receivable Accumulated depreciation equipment Allowance for uncollectible accounts Bad debt expense Cash 1 Common stock Cost of goods sold Depreciation expense Equipment Income tax expense Income taxes payable Interest expense Interest payable Interest receivable Interest revenue Inventory Land Notes payable Notes receivable Notes receivable Patent Repair and maintenance expense Research and development expense Retained earnings Salaries expense Retained earnings Salaries expense Salaries payable Sales revenue Utilities expense