Ocean Fishers Ltd had a 22 -foot fishing boat with an inboard motor that was purchased on April 9, 2012, for $91,500. The PPE subledger shows the following information regarding the boat On June 27, 2020, $69,000 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 $3,000. Early in 2020 , 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, 2020 . b. Depreciation taken on the fishing boat (body plus motor) on December 31, 2020, the company's year-end. (Do not round intermediate calculations and round final answers to whole dollars.) 2. Calculate total depreciation taken on the fishing boat (body plus motor) for the company's year ended December 31 , 2020 . (Round the final answers to the nearest whole dollar.)