Riverbed Service Ltd uses straight-line depreciation. The company's fiscal year end is December 31. The following transactions and events occurred during their first three years of operations: \begin{tabular}{|c|c|c|c|} \hline \multirow[t]{3}{*}{2021} & Ju! & 1 & Purchased equipment for $78,000 cash with shipping costs of $5,400. \\ \hline & Now & 3 & Incurred ordinary repairs on the computer of $1,420. \\ \hline & Dec & 31 & Recorded 2021 depreciation on the basis of a four-year life and estimated residual value of $1,000. \\ \hline 2022 & Dec & 31 & Recorded 2022 depreciation. \\ \hline 123 & Jan & 1 & \begin{tabular}{l} Paid $4,600 for a major topgrade of the equipment. This expenditure is expected to increase the operating \\ efficiency and capacity of the equipment. \end{tabular} \\ \hline \end{tabular} Prepare journal entries to record the above events. If no entry is required, select "No entry' for the occount titles and enter ofor the presented in the problem List all debit entries before credit entries) 2022 2023