On January 1, 2014, Tata Company purchased a machine for $175,000 that was expected to last 6 years and have a residual value of $16,000. On January 4, 2017, Tata Company paid $25,000 for improvements to the machine, which increased the total esmated useful life from 6 to 10 years and increased the residual value to $19,500. Tata uses straight-line depreciaon. (1) Prepare the journal entries to record January 1, 2014 purchase and $25,000 improvements? (5marks) (2) What journal entries