Machinery purchased for $72,200 by Whispering Winds Corp, on January 1, 2015, was originally estimated to have an 8 -year useful life with a residual value of $5,000. Depreciation has been entered for five years on this basis. In 2020 , it is determined that the total estimated useful life (including 2020) should have been 10 years, with a residual value of 56,000 at the end of that time. Assume straight-line depreciation and that Whispeing Winds Corp. uses IFRS for financial statement purposes. Prepare the entry that is required to correct the prior years' depreciation, if any. (Credit occount titics are cutomatically indented when the amount is entered. Do not indent monually. If no entry is required, select "No Entry" for the account titles and enter 0 for the omounts.) Prepare the entry to record depreciation for 2020, (Credit occount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount tities and enter Ofor the amounts) Repeat part (b) assuming Whispering Winds Corp. uses ASPE and the machinery is originally estimated to have a physical life of 8.5 years and a salvage value of $0. In 2020, it is determined that the total estimated physical life (including 2020) should have been 11 years, with a salvage value of $300 at the end of that time. (Credit occount titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to 0 decimal places, eg. 5, 275.) Repeat part (b) assuming Whispering Winds Corp. uses the double-declining-balance method of depreciation. (Credit account tities are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter of for the amounts. Round answers to 0 decimal ploces, eg. 5.275.)