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On April 1, 2019, the KB Toy Company purchased equipment to be used in its manufacturing process. The equipment cost $48,000, 1.2 has an eight-year useful life, and has no residual value. The company uses the straight-line depreciation method for all manufacturing equipment On January 4, 2021. $12,350 was spent to repair the equipment and to add a feature that increased its operating efficiency of the total expenditure. $2,000 represented ordinary repairs and annual maintenance and $10,350 represented the cost of the new feature. In addition to increasing operating efficiency, the total useful life of the equipment was extended to 10 years Required: 1. Prepare journal entries for the depreciation for 2019 and 2020 2. Prepare journal entries for the 2021 expenditure 3. Prepare journal entries for the depreciation for 2021. Required 1 Required 2 Required 3 Prepare journal entries for the depreciation for 2019 and 2020. (If no entry is required for a transaction/ required" in the first account field.) View transaction list Journal entry worksheet