Orlole's Repair Service uses the straight-line method of depreciation. The company's fiscal year-end is December 31. The following transactions and events occurred during the first three years. 2021 y 1 Purchased equirt from the Equipment Center for $6,800 cash plus sales tax of $350, and shipping costs of $420 Nov. 3 Incurred ordinary repairs on computer of $530. Dec 31 Recorded 2021 depreciation on the basis of a four-year life and estimated salvape value of $570, 2022 Dec 31 Recorded 2022 depreciation Jan. 1 Paid $1,500 for a major upgrade of the equipment. This expenditure is expected to increase the operating efficiency and capacity of the equipment. T J. (ULituuul uues ure automatically indented when the amount is entered. Do not indent manually. Ir no entry the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit