Required information [The following information applies to the questions displayed below.] At the beginning of the year, Algernon Companies bought three used machines. The machines immediately were overhauled, were installed, and started operating. Because the machines were different, each was recorded separately in the accounts. Details for Machine A are provided below. Prepare the journal entry to record year 2 double-declining balance depreciation expense for Machine C, which has a cost of 27,200 , an estimated life of 10 years, and $1,400 residual value. (If no entry is required for a transaction/event, select "No Journal intry Required" in the first account field.) Journal entry worksheet Record the year 2 depreciation expense for Machine C. Note: Enter debits before credits