On March 1, 2023, Blossom Ltd, purchased a machine for $60,000 by paying $18,000 down and issuing a note for the balance. The machine had an estimated useful life of nine years and an estimated residual value of $6,000. Blossom Winds uses the straight-line method of depreciation and has a December 31 year end. On October 30,2025 , the machine was sold for $59,000. (a) Your answer is correct. Prepare the journal entry to record the acquisition of the machine, (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is requlred, select "No Entry" for the account titles and enter O for the amounts. List alf debit entries before credit entries.) (b) Assuming that the depreciation was correctly calculated and recorded in 2023 and 2024, prepare the journal entries to update the depreclation and record the sale of the machine on October 30, 2025. (Record entries in the order displayed in the problem statement. Credit account tites are automatically indented when the amount is entered. Do not indent manwaliy. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts. List all debit entries before credit entries.) Assuming that the depreciation was correctly calculated and recorded in 2023 and 2024, prepare the journal entries to update the depreciation and record the sale of the machine on October 30,2025 . (Record entries in the order dlsplayed in the problem statement. Credit occount titles are automotically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts. List all debit entries before credit entries)