On April 1, 2019, the KB Toy Company purchased equipment to be used in its manufacturing process. The equipment cost $65,600, has an eight-year useful life, and has no residual value. The company uses the straight-line depreciation method for all manufacturing equipment On January 4, 2021, $16,700 was spent to repair the equipment and to add a feature that increased its operating efficiency. Of the total expenditure, $3,600 represented ordinary repairs and annual maintenance and $13,100 represented the cost of the new feature. In addition to increasing operating efficiency, the total useful life of the equipment was extended to 10 years. Required: 1. Prepare journal entries for the depreciation for 2019 and 2020. 2. Prepare journal entries for the 2021 expenditure. 3. Prepare journal entries for the depreciation for 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries for the depreciation for 2019 and 2020. (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 2019. Note: Enter debits before credits. General Journal Debit Credit Date December 31 2019 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries for the 2021 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 1 > Record the 2021 expenditure. Note: Enter debits before credits. General Journal Debit Credit Date January 04, 2021 Record entry Clear entry View general Journal Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries for the depreciation for 2021. (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 1 > Record the depreciation expense for 2021. Note: Enter debits before credits General Journal Debit Credit Date December 31 2021 Record entry Clear entry View general Journal