On January $1,2022,$ Novak Company purchased the following two machines for use in its production process.

Machine A: $,$ The cash price of this machine was $$43,000.$ Related expenditures also paid in cash included: sales tax $$1,700,$ shipping costs $$200,$ insurance during shipping $$100,$ installation and testing costs $$70,$ and $$100$ of oil and lubricants to be used with the machinery during its first year of operations. Novak estimates that the useful life of the machine is $5$ years with a $$4,050$ salvage value remaining at the end of that time period. Assume that the straight$-$line method of depreciation is used.

Machine B: The recorded cost of this machine was $$180,000.$ Novak estimates that the useful life of the machine is $4$ years with a $$10,000$ salvage value remaining at the end of that time period.

$($a$)$

Prepare the following for Machine A$.($Round answers to $0$ decimal places, e$.$g$.5,125.$ List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

The journal entry to record its purchase on January $1,2022.$

The journal entry to record annual depreciation at December $31,2022.$

No$.$ Account Titles and Explanation

Debit

Credit

$$

$$

$$

$$

$$Please help!