On April 1, 2019, the KB Toy Company purchased equipment to be used in its manufacturing process. The equipment cost $55,200, 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. $14,850 was spent to repair the equipment and to add a feature that increased its operating efficiency of the total expenditure, $2.700 represented ordinary repairs and annual maintenance and $12,150 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. Journal entry worksheet Record the depreciation expense for 2019. Note: Enter debits before credits Date December 31, 2019 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record the 2021 expenditure. Note: Enter debits before credits. Date General Journal Debit Credit January 04, 2021 Record entry Clear entry View general journal 1 > Record the depreciation expense for 2021. Note: Enter debits before credits. General Journal Date December 31, 2021 Debit Credit Record entry Clear entry View general journal