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Stearns Co . purchased a new machine on January 1 , 2 0 2 2 , for $ 6 0 3 , 0 0 0

Stearns Co. purchased a new machine on January 1,2022, for $603,000, paying all cash. At the time of acquisition, the machine was estimated to have a useful life of 10 years and no salvage value. The company uses the straight-line method of depreciation. On April 30,2024, the machine was sold for $419,000
a. What journal entry(ies) were made in 2022?
b. What journal entry(ies) were made in 2023?
c. What journal entry (ies) were made in 2024?
d. For each entry, what is the effect of ALL entries on total assets, liabilities, equity, revenues, expenses, and net income? Also report the total of all the entries for all the years (just report one total). Give both direction and amount

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