On January 1, 2018, Drye Company purchased a $445.000 piece of machinery to use in its business. The machinery was shipped FOB Delivery point, $3,000, and required special installation by the vendor prior to use, $1,500. Drye Company purchased the machinery by issuing a five-year note. The machinery has an estimated useful life of 10 years and expected to have a $15,000 salvage value at the end of its useful life. Drye uses the straight-line method of depreciating long-lived assets. Due to changes in technology, Drye sold the machinery on December 31, 2021 for $265,000 cash. They plan on purchasing newer machinery using the proceeds from the sale. What is the capitalized cost of the machinery purchased on 1/1/2018? (2 points) Complete the following chart (1 point ea): - 356,000 - 50GO Date Historical Cost Depreciation Accumulated Net Book LL5000- Expense Depreciation Value 12/31/2018 12/31/2019 284,860 1 0.1.2 - 0.2 12/31/2020 22 7,646 10 12/31/2021 182,272 56960 Record the following transactions related to the asset purchase (3 points ea): 5,560 (1) Purchase of machinery on 1/1/2018 (2) Depreciation of machinery on BOTH 12/31/2018 & 12/31/2019 (3) Sale of asset on 12/31/2021 - -3 -3 Assets Liabilities Equity Income Statement Accumulated Depreciation Retained Earnings Notes Pay Common Stock Net Income Revenue Expense Cash Machinery (448600445000