Ocean Fishers Ltd had a 22-foot fishing boat with an inboard motor that was purchased on April 9, 2009, for $79,000. The PPE Sub ledger shows the following information regarding the boat: Cost Est.Life Fishing Boat 22 Foot With Inboard Motor: Date of Component Deprec. Purchase Method Fibreglass body Apr. 9/09 SL Motor Apr. 9/09 SL Est. Residual $ 3,000 -0- $ 21,000 58,000 15 yr 10 yr $ 79,000 On June 27, 2017, $64,000 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 $4,000. 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.) 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.) 2. Calculate total depreciation taken on the fishing boat (body plus motor) for the company's year ended December 31, 2017. (Round the final answers to the nearest whole dollar.) Total 2017 depreciation