Pete's Propellers Company showed the following information in its Property. Plant, and Equipment Subledger regarding Machine #5027 Hachine 5827 Component Single metal housing Motor Blade Date of purchase Jan. 12/18 Jan. 12/18 Jan. 12/18 Depreciation Method SL DOB SL Cost $ 44,00 31,800 10,88 $ 85,800 Est. Residun Est. Life $5,000 2,000 1,200 5 yrs 15 yrs 10 yrs *SL = Straight-line: DDB = Double-declining balance On January 7, 2020, the machine blade cracked and it was replaced with a new one costing $11.400 purchased for cash (the old blade was scrapped). The new blade had an estimated residual value of $1,500 and an estimated life of five years and would continue to be depreciated using the straight-line method. During 2020. it was determined that the useful life on the metal housing should be increased to a total of 20 years instead of 15 years and that the residual value should be increased to $9.100 Required: 1. Prepare the entry to record the purchase of the replacement blade View transaction list 2. Calculate the total depreciation expense to be recorded on Machine #5027 for 2020. Total Depreciation expense