On April 1, 2022, the KB Toy Company purchased equipment to be used in its manufacturing process. The equipment cost $59,400. 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 4,2024, $16,300 was spent to repair the equipment and to add a feature that increased its operating efficiency. Of the total expenditure, $3,00 represented ordinary repairs and annual maintenance and $13,200 represented the cost of the new feature. In addition to increasing operating efficiency, the totat useful tife of the equipment was extended to 11 years. Required: 1. Prepare journal entries for the depreciation for 2022 and 2023 2. Prepare joumal entry for the 2024 expenditure. [Any capitalized amounts are recorded using Alternative 2 -capitalization of new cost]. 3. Prepare journal entry for the depreciation for 2024 Complete this question by entering your answers in the tabs below. Prepare journal entries for the depreciation for 2022 and 2023. Note: if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Complete this question by entering your answers in the tabs below. Prepare journal entries for the depreciation for 2022 and 2023. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Wote: Enter debits before credits. epare journal entry for the 2024 expenditure. [Any capitalized amounts are recorded using Alternative 2 -capitalization of new cost]. ote: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Note: Enter debits before credts. Propare journat entry for the depreciation for 2024 . Note: If no entry is required for tranezetion/event, select "No joumal entry required" in the first account field. Journal entry worksheet Record the depreciation expense for 2024. Note: Enter debits before credits