Pete's Propellers Company showed the following information in its Property, Plant, and Equipment Subledger regarding Machine #5027.

Machine #5027
Component	Date of purchase	Depreciation Method*	Cost			Est. Residual			Est.Life
Single metal housing	Jan. 12/18	SL	$	50,000		$	8,000		15 yrs
Motor	Jan. 12/18	DDB		33,000			4,000		10 yrs
Blade	Jan. 12/18	SL		12,000			1,200		5 yrs
			$	95,000

*SL = Straight-line; DDB = Double-declining-balance On January 7, 2020, the machine blade cracked and it was replaced with a new one costing $11,800 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 $9,300. Required: 1. Prepare the entry to record the purchase of the replacement blade.

2. Calculate the total depreciation expense to be recorded on Machine #5027 for 2020.