Pete's Propellers Company showed the following information in its Property, Plant, and Equipment Subledger regarding Machine #5027 Machine #5027 Component Single metal housing Motor Blade Date of purchase Jan. 12/18 Jan. 12/18 Jan. 12/18 Depreciation Method SL DDB SL Cost $ 58,000 38,000 15, eee $111, eee Est. Residual Est. Life $ 7,000 15 yrs 4,000 10 yrs 1,400 5 yrs 51 *SL = Straight-line: DDB = Double-declining-balance On January 7, 2020, the machine blade cracked and it was replaced with a new one costing $12,800 purchased for cash (the old blade was scrapped). The new blade had an estimated residual value of $2,000 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 $9,800. Doc.rad. Required: 1. Prepare the entry to record the purchase of the replacement blade View transaction list Journal entry worksheet 2 > Record installation of new blade. Note: Enter debits before credits General Journal Debit Credit Date Jan 07, 2020 Record entry Clear entry View general journal 2. Calculate the total depreciation expense to be recorded on Machine #5027 for 2020. Total Depreciation expense