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Please help me solve these journa eateries Exercise 10-14 Ordinary repairs, extraordinary repairs, and betterments LO C3 Oki Company pays $297,400 for equipment expected to

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Exercise 10-14 Ordinary repairs, extraordinary repairs, and betterments LO C3 Oki Company pays $297,400 for equipment expected to last four years and have a $30,000 salvage value. Prepare journal entries to record the following costs related to the equipment 1. During the second year of the equipment's life, $18,650 cash is paid for a new component expected to increase the equipment's productivity by 10% a year. working order. four to five years. 2. During the third year, $4,663 cash is paid for normal repairs necessary to keep the equipment in good 3. During the fourth year, $11,600 is paid for repairs expected to increase the useful life of the equipment from

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