O'Connor Company ordered a machine on January 1 at a purchase price of $15,000. On the date of delivery, January 2. the compar paid $4,000 on the machine and signed a l machine. On January 5, O'Connor paid cash for inst end of the accounting period). O'Connor recorded depreciation on the machine using the straight- useful life of 10 years and an estimated residual value of $1,600 note payable for the balance. On January 3, It paid $200 for freight on the tallation costs relating to the machine amounting to $900 On December 31 (the ong-term Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Required 4 Indicate the effects (accounts, amounts, and + for increase, - for decrease) of each transaction (on January 1, 2, 3, and 5) on the accounting equation. (Enter any decreases to accos with a minus sign.) Date Jan 01 Jan 02 Assets Jan 03 Jan 05 Required 2 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required4 Compute the acquisition cost of the machine. Acquisition Cost KRequired 1 Required3 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the depreciation expense to be reported for the first year. (Do not round intermediate calculations.) Dspreciation Expense