Problem 11-3 The following data relate to the Machlnery account of Pina, Inc. at December 31, 201?. A l! C D Original cost $52,900 $58,650 $92,000 $92,000 Year purchased 2012 2013 2014 2016 Useful llfe 10 years 15,000 hours 15 years 10 years Salvage value $3,565 $3,450 $5,750 $5,250 Depreciation method Egggtigf Activity Swght- Double-declining balance Accum. depr through 2017* $35,380 $40,480 $17,250 $18,400 *In the year an asset Is purchased, Pina, Inc. does not record any depreciation expense on the asset. In the year an asset is retlred or tnaded In, Pina, Inc. takes a full year's depreclation on the asset. The following transactions occurred during 2018. (a) On May 5, Machine A was sold for $14,950 cash. The company's bookkeeper recorded thls retlrement In the following manner In the cash recelpts journal. Cash 14,950 Machinery (Machine A) 14,950 (b) On December 31, It was determlned that Machine B had been used 2,415 hcurs during 2018. (c) On December 31, before computing depreciation expense on Machine (2, the management of Pina, Inc. decided the useful life remaining from January 1, 2018, was 10 years. (d) On December 31, it was discovered that a machine purchased in 201?r had been expensed completely in that year. This machine cost $32,200 and has a useful life of 10 years and no salvage value. Management has decided to use the double-declining-balance method for this machine, which can be referred to as \"Machine E.\" Prepare the necessary correcting entria for the year 2018. Record the appropriate depreciation expense on the above-mentioned machines. (1'an entry ls required, select "No entry" for the account tltles and enter a for the amounts. Round lntermedlate calculations to 3 declmal places, e.g. 4.589 and nal answers to D declmal places, e.y. 45,892. Credit account tltles are automatically lndented when amount ls entered. Do not lndent manually.) Io. lcoountu and Explanation Ddtlt edit (a) (To record current depreciation} (Tb properly record the sale} (ll) (C)