On January 1, 2020, Windsor Company purchased the following two machines for use in its production process. Machine A: The cash price of this machine was $43,500. Related expenditures included: sales tax $3,550, shipping costs $150, insurance during shipping $50, installation and testing costs $100, and $200 of oil and lubricants to be used with the machinery during its first year of operations. Windsor estimates that the useful life of the machine is 5 years with a $5,250 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. Windsor 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. Prepare the following for Machine A. (Round answers to 0 decimal places, e.g. 2,125. 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 o for the amounts.) 1. The journal entry to record its purchase on January 1, 2020. 2. The journal entry to record annual depreciation at December 31, 2020. No. Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Calculate the amount of depreciation expense that Windsor should record for Machine B each year of its useful life under the following assumptions. (Round depreciation cost per unit to 2 decimal places, e.g. 12.25. Round final answers to 0 decimal places, e.g. 2,125.) (1) Windsor uses the straight-line method of depreciation. (2) Windsor uses the declining-balance method. The rate used is twice the straight-line rate. (3) Windsor uses the units-of-activity method and estimates that the useful life of the machine is 102,000 units. Actual usage is as follows: 2020, 43,000 units; 2021, 30,000 units; 2022, 17,000 units; 2023, 12,000 units. Depreciation Expense 2021 2022 2020 2023 - Straight-line method to 1 Declining-balance method $ to 0 A Units-of-activity method $ 0 o eTextbook and Media List of Accounts Which method used to calculate depreciation on Machine B reports the highest amount of depreciation expense in year 1 (2020)? The highest amount in year 4 (2023)? The highest total amount over the 4-year period? e Textbook and Media List of Accounts