On April 1, 2019, the KB Toy Company purchased equipment to be used in its manufacturing process. The equipment cost $68,400, has an ten-year useful life, and has no residual value. The company uses the straight-line depreciation method for all manufacturing equipment. On January 4, 2021, $14,200 was spent to repair the equipment and to add a feature that increased its operating efficiency. Of the total expenditure, $3,800 represented ordinary repairs and annual maintenance and $10,400 represented the cost of the new feature. In addition to increasing operating efficiency, the total useful life of the equipment was extended to 12 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 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 December 31, 2021 Depreciation expense Accumulated depreciation equipment