The December 31, 2020, adjusted trial balance of Maritime Manufacturing showed the following information: Single Machinery Accumulated depreciation, machinery Office furniture Accumulated depreciation, office furniture2 $ 640,000 300,300 102,600 56,100 "Remaining useful life four years; estimated residual $40,000 2 Remaining useful life five years; estimated residual $12,500 Early in 2021, 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 2021, it was determined that the estimated life of the office furniture should be reduced by two years and the residual value decreased by $7,100. 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, 2021. (Round the final answer to the nearest whole dollar.) View transaction list > 1 Record the depreciation on the machinery, for the year ended Dec. 31, 2021. 2021. 2 Record the depreciation on the office furniture for the year ended Dec. 31, 2021. Credit