The December 31, 2020, adjusted trial balance of Maritime Manufacturing showed the following information: Single Machinery Accumulated depreciation, machinery office furniture Accumulated depreciation, office furniture? $680,000 324,300 104,600 57,100 "Remaining useful life four years, estimated residual $60,000 2Remaining useful life five years: estimated residual $12,700 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 $140,000. 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 $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, 2021. (Round the final answer to the nearest whole dollar)