Problem 8.4A (Algo) Computing and revising depreciation; revenue and capital expenditures LO C1, C2 C3 Chamon Contractors completed the following transactions involving coment Yeart Jan 1 Pald $270.000 cash plus 510.000 in sales and 51.100 in transportation to shipping point for a new loader. The loader is estimated to have four year life and a $27.000 savage value Loader costs are recorded in the Equit count Jana Paid 34,000 to install air conditioning in the loader to enable operations under taster Conditions. This increased the estimated stap value of the nader by another $1,200 Dec 31 Recorded a straight-line spreciation on the loader. Year 2 3. IP 54,100 to overhaul the tooers engine ich increased the leader's estimated to life by two years Feb 17 Paid $1,035 for sine repairs to the Loader after the operator backed it into a tree. Dec. 31 Recorded a strontLine depreciation on the loader. Required: Prepare journal entries to record these transactions and events Answer is complete but not entirely correct. Credit Debat 282.000 Janar OO 202.000 Cash 4.000 an art OO 4.000 35.25 Dec 31, Yet Opciones-count Accumunddepreciation SO 125 5 6 W E R T S D G JK Z X cmd option cmd Answer is complete but not entirely correct. No General Journal Credit Date Jan 1 Year 1 Debit 282.600 > 1 Equipment Cash 282,600 2 Jan 3. Year Equipment > 4.000 Cash 4,000 3 Dec 31, Yet > 65,125 Depreciation expense-Equipment Accumulated depreciation Equipment > > 65,1253 4 Jan 1. Year 2 4 100 Equipment Cash 4.100 5 Feb 17 Year 2 1,025 Repairs expense-Equipment Cash 1.025 6 Dec 31 Year 2 45,625 Depreciation expense-Equipment Accumulated depreciation Equipment . O 45.6253 3 4 5 6 8 R. S D F G . L X CV B NM H cmd cmd