On December 31, Year 4, Alexa Company is preparing adjusting entries for its annual year-end. The following issues confront the company. 1. Equipment #101 with a cost of $23,100 was purchased three years earlier on January 1, Year 2. It is being depreciated on a straight-line basis over an estimated useful life of 10 years with no residual value. At December 31, Year 4, it has been determined that the estimated total useful life is 6 years instead of 10. 2. Equipment #502 with a cost of $13,650 was purchased four years earlier on January 1, Year 1. It is being depreciated on a straight-line basis over an estimated useful life of seven years with no residual value. At December 31, Year 4, it was discovered that no depreciation had been recorded on this equipment for Year 1 or Year 2, but it was recorded for Year 3 3. In Year 4, Alexa decided to change inventory methods from the weighted average method to the FIFO method. Net income reported in Year 3 applying the weighted average method was $285,000. If FIFO had been applied in Year 3, net income would have been $303,000 a For equipment #101, provide the required adjusting entry for depreciation expense at December 31, Year 4. Note: Round answers to the nearest whole dollar. Date Dec 31, Year 4 Account Name To record dencecalation Cr. b. For equipment #502, provide the required adjusting entry for depreciation expense at December 31, Year 4 Date Account Name Dec 31, Year 4 Dr. Cr. c. For equipment #502, provide any necessary correcting entry, Ignore income taxes. Date Account Name Dec 31 Year 4 Dr. Cr. To record comectin entry d. In reporting comparative income statements in Year 4 what net income amount is presented for Year 32