Ocean Fishers Ltd had a 22-foot fishing boat with an inboard motor that was purchased on April 9, 2009, for $84,000. The PPE Sub ledger shows the following information regarding the boat: Est Fishing Boat - 22 Foot With Inboard Motor: Component Date of Deprec Purchase Method Fibreglass body Apr. 9/09 SL Motor Apr. 9/09 SL Cost $ 24,000 60,000 Residual $ 3.000 Est Life 15 yr 10 yr $ 84,000 On June 27, 2017, $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 2017, 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, 2017. (If no entry is required for a transaction, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet Debit Credit No 1 Date June 27, 2017 General Journal Depreciation expense, Boat - Motor Accumulated depreciation, Boat - Motor 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