Recording Subsequent Costs of Asset Acquisitions Asset records of Reston Company show the following at the beginning of the current year. During the current year ending December 31 , the following transactions (summarized) were completed. 1. Expenditures for nonrecurring, relatively large repairs that tend to increase economic utility but not the economic lives of the assets follow. (*original cost, $18,000,75% depreciated) 2 Asset additions follow. Plant bulding-idded small wing to plant bollding to accomenodate new equipment acquired wing fas useful life of ta years and no residual value 55 st ooo Equipment-added safety devkes to 10 machines device are aktached to the machines and hare to be replaced every five years wo tesidua value? 10,000 3. Outlays for maintenance, parts, and labor to keep assets in normal working condition follow. Required Prepare the necessary journal entries to recpio transactions 1, 2 and 3. 2. 3