On January 1, 2022, 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 also paid in cash 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 witha $10,600 salvage value remaining at the end of that time period. (a) Your answer has been saved. See score details after the due date. Prepare the following for Machine A. (Credit decount titles are outomatically 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. Thejournal entry to record its purchase on January 1, 2022. 2 The journal entry to record annual depreciation at December 31.2022 Which method used to calculate depreciation on Machine B reports the highest amount of depreciation expense in year 1 (2022)? Thehichest amount in year 4(2025) ? Thehichest total amount over the 4 -year perjod? List of Accounts: Attempts: 0 of 1 used