Ocean Fishers Lid had a 22-foot fishing boat with an inboard motor that was purchased on April 9, 2009 for $75,000. The PPE Sub ledger shows the following information regarding the boat Fishing Boat - 22 Foot With Inboard Motor Date of Component Deprec Purchase Method Fibreglass body A pr 900 SC Apr 9109 Cost $ 18,000 57.000 Est Residual 3000 Est Life 15 y 10 y $75.000 On June 27. 2017, 503,000 cash was paid for a new motor 10 replace the old one, which was scrapped. The new motor had an estimated useful life of 12 years and a residual value of $5,000. Early in 2017 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, 2017. (if no entry is required for a transaction, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet b. Depreciation taken on the fishing boat (body plus motor) on December 31, 2017, the company's year-end. (If no entry is required for a transaction, select "No journal entry required in the first account field. Round the final answers to the nearest whole dollar.) View transaction list Journal entry worksheet Record revised depreciation for 2017 on the boat (boat body plus motor) Note Enver debts before credits General Journal Debit Credit Date Dec 31, 2017 Clear entry View general Journal