On April 1, 2016, the KB Toy Company purchased equipment to be used in its manufacturing process. The equipment cost $70,200, has an nine-year useful life, and has no residual value. The company uses the straight-line depreciation method for all manufacturing equipment. On January 4, 2018, $15,900 was spent to repair the equipment and to add a feature that increased its operating efficiency. Of the total expenditure, $4,000 represented ordinary repairs and annual maintenance and $11,900 represented the cost of the new feature. In addition to increasing operating efficiency, the total useful life of the equipment was extended to 11 years. Required:

1. Prepare journal entries for the depreciation for 2016 and 2017. 2. Prepare journal entries for the 2018 expenditure. 3. Prepare journal entries for the depreciation for 2018.

Required Required 2 Required 3 Prepare journal entries for the depreciation for 2016 and 2017. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the depreciation expense for 2016. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2016 Required 1 Required 2 Required 3 Prepare journal entries for the depreciation for 2016 and 2017. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 Record the depreciation expense for 2017. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2017 Required 1 Required 2 Required 3 Prepare journal entries for the 2018 expenditure. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the 2018 expenditure. Note: Enter debits before credits. Date General Journal Debit Credit January 04, 2018 Required 1 Required 2Required 3 Prepare journal entries for the depreciation for 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the depreciation expense for 2018. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2018