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The December 31, 2023, adjusted trial balance of Maritime Manufacturing showed the following information: 1 Remaining useful life four years; estimated residual $90,000. 2 Remaining useful life five years; estimated residual $12,400. Early in 2024, the company made a decision to stop making the items produced by the machinery and buy the items instead. As a result, the remaining useful life was decreased to two years and the residual value was increased to a total of $120,000. At the beginning of 2024 , it was determined that the estimated life of the office furniture should be reduced by two years and the residual value decreased by $9,000. The company calculates depreciation using the straight-line method to the nearest month. Required: Prepare the entries to record depreciation on the machinery and office furniture for the year ended December 31,2024 . (Round the final answer to the nearest whole dollar.) Journal entry worksheet Record the depreciation on the machinery, for the year ended Dec. 31,2024. Note: Enter debits before credits