On January 1, 2019, Whispering Winds Company purchased the following two machines for use in its production process Machine A: The cash price of this machine was $54,500. Related expenditures included: sales tax $2,050, shipping costs $100, insurance during shipping $110, installation and testing costs $80, and $100 of oil and lubricants to be used with the machinery during its first year of operations. Whispering Winds estimates that the useful life of the machine is 5 years with a $4,100 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. Whispering Winds estimates that the useful life of the machine is 4 years with a $10,200 salvage value remaining at the end of that time period. Prepare the following for Machine A. (Round answers to O decimal places, e.g. 2,125. Credit account titles are automatically indented when amount is entered. Do not indent manualily. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) 1. The journal entry to record its purchase on January 1, 2019. 2. The journal entry to record annual depreciation at December 31, 2019 No. Account Titles and Explanation Debit Credit 2. Click if you would like to Show Work for this question: Open Show Work