Question 1 On January 1, 2017 Teal SA purchased the following two machines for use in its production process Machine A: The cash price of this machine was R$47,200. Related expenditures included: sales tax R$3,000, shipping costs R$ 140, insurance during shipping R$ 70, installation and testing costs R$80, and R$190 of oil and lubricants to be used with the machinery during its first year of operations. Teal estimates that the useful life of the machine is 5 years with a R$5,800 residual value remaining at the end of that time period. Assume that the straight-line method of depreciation is used The recorded cost of this machine was R$ 305,600. Teal estimates that the useful life of the machine is 4 years with a R$19,100 residual value remaining at the end of that time period. Machine B: Prepare the following for Machine A (Round answers to manually.) decimal places, e.. 2,125. Credit account titles are automatically indented when amount is entered. Do not indent 1. The journal entry to record its purchase on January 1, 2017 2. The journal entry to record annual depreciation at December 31, 2017 No. Account Titles and Explanation Debat Credit