On January 1, Hawailan Specialty Foods purchased equipment for $32,000. Residual value at the end of an estimated four-year service life is expected to be $5,380. The machine operated for 3,100 hours in the first year, and the company expects the machine to operate for a total of 22,000 hours. Record depreciation expense for each of the first two years using the straight-line 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 straight-line method. Note: Enter debits before credits. Journal entry worksheet Record the depreciation expense for the second year using the straight-line method. Note: Enter debits before credits