On January 1,2022 , Sarasota Company purchased the following two machines for use in its production process. Machine A: The cash price of this machine was $53,500. Related expenditures also paid in cash included: sales tax $3,650. shipping costs $200, insurance during shipping $100, installation and testing costs $60, and $150 of oil and lubricants to be used with the machinery during its first year of operations. Sarasota estimates that the useful life of the machine is 5 years with a $4,400 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. Sarasota 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. On January 1,2022 , Sarasota Company purchased the following two machines for use in its production process. Machine A: The cash price of this machine was $53,500. Related expenditures also paid in cash included: sales tax $3,650. shipping costs $200, insurance during shipping $100, installation and testing costs $60, and $150 of oil and lubricants to be used with the machinery during its first year of operations. Sarasota estimates that the useful life of the machine is 5 years with a $4,400 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. Sarasota 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