On January 1, 2014, Tata Company purchased a machine for $175,000 that was expected to last 6years 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 estimated useful life from 6 to 10 years and increased the residual value to $19,500. Tata uses straight-line depreciation.

(1) Prepare the journal entries to record January 1, 2014 purchase and $25,000 improvements?

(2) What journal entries to record depreciation expense for 2017?

(3) Prepare journal entries for December 31, 2014, 2015, and 2016