*Problem 9-3B (Part Level Submission) On January 1, 2017, Marigold SA purchased the following two machines for use in its production process. Machine A: The cash price of this machine was 54,100. Related expenditures included: sales tax 3,500, shipping costs 260, insurance during shipping 80, installation and testing costs 1,200, and 140 of oil and lubricants to be used with the machinery during its first year of operations. Marigold estimates that the useful life of the machine is 4 years with a 4,800 residual value remaining at the end of that time period. The recorded cost of this machine was 154,050. Marigold estimates that the useful life of the machine is 5 years with a 11,850 residual value remaining at the end of that time period. Machine B: *(a) Prepare the following for Machine A. (Round answers to 0 decimal places, e.g. 2,125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. The journal entry to record its purchase on January 1, 2017. 2. The journal entry to record annual depreciation at December 31, 2017, assuming the straight-line method of depreciation is used. No. Account Titles and Explanation Debit Credit 1. 2. Attempts: 0 of 3 used