Ocean Fishers Ltd had a 22-foot fishing boat with an inboard motor that was purchased on April 9, 2012, for $84,000. The PPE subledger shows the following information regarding the boat Fishing Boat 22 Foot With Inboard Motor: Deprec. Component Fibreglass body Motor Date of Purchase Method Apr. 9/12 Apr. 9/12 SL SL Cost $24,000 60,000 $84,000 Est. Residual $3,000 -0- Est.Life 15 yr 10 yr On June 27, 2020, $66,000 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. View transaction list 1 Record to update depreciation in 2020 regarding motor being replaced. 2 Record replacement of motor. Note: journal entry has been entered Record entry Clear entry Credit View general journal 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.) View transaction list 1 Record revised depreciation for 2020 on the boat (boat body plus motor). Note: =journal entry has been entered Record entry Clear entry or). Credit View general journal 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.) Total 2020 depreciation