Prohlm 10-06 Computing and revising depreciation, selling property plant and equipment L2 PL P2 Field Innuments completed the following transactions and events involving its machinery 2014 Jan Paid $106.000 cash plus $6.400 in sales tax for a new machine. The machine is estimated tu have a six-year life and a $9.800 residual value. Dec. 31 Recorded annual straight-line depreciation on the machinery. 2015 Check Dec 31, 2016 De pense Machinery 571585 Dec. 31. Due to new information obtained earlier in the year, the machine's estimated useful life was changed from six to four years, and the estimated residual value was increased to $13,050, Recorded annual straight-line depreciation on the machinery 2016 Dec 31 Recorded annual straight-line depreciation on the machinery. Dec. 31 Sold the machine for $25.240 cash. De 31 2016 DE LOS nota of Machinery $18.394 Required Prepare journal entries to record these transactions and events