Oki Company pays $285,350 for equipment expected to last four years and have a $30,000 salvage value. Prepare journal entries to record the following costs related to the equipment.

1. During the second year of the equipments life, $25,550 cash is paid for a new component expected to increase the equipments productivity by 10% a year.
2. During the third year, $6,388 cash is paid for normal repairs necessary to keep the equipment in good working order.
3. During the fourth year, $18,500 is paid for repairs expected to increase the useful life of the equipment from four to five years.