On January 1. Hawaiian Specialty Foods purchased equipment for $44,000. Residual value at the end of an estimated fouryear service life is expected to be $3,200. The company expects the machine to operate for a total of 34,000 hours. The machine operated for 3,240 hours in the first year and 3,540 hours in the second year. Record depreciation expense for the first two years using the activity-based method. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the depreciation expense for the first year using the activity-based method. Note: Enter debits before credits. Journal entry worksheet Record the depreciation expense for the second year using the activity-based method. Note: Enter debits before credits