The first audit of the books of Sarasota Company was made for the year ended December S$1,2026$ In examining the books theauditor found that certain items had been overlooked or incorrectly handled in the last Syears. These items are:$1.$ At the beginning of $2024,$ the company purchased a machine for $$543,000($salvage value of $$54,520)$ that had a useful ie of$6$ years, The bookkeeper used straight$-$line depreciation but failed to deduct the salvage value in computing the deprectation base for the $3$ years$\mathrm{.}2.$ At the end of $2025,$ the company failed to accrue sales salaries of $$43,000.$A tax lawsuit that involved the year $2024$ was settled late in $2026.$ It was determined that the company owed an additional $$81,000$ in taxes related to $2024.$ The company did not record a liability in $2024$ or $2025$ because the possibility of loss was considered remote, and charged the $$81,000$ to a loss account in $20264.$ Sarasota Company purchased a copyright from another company early in $2024$ for $$50,000.$ Sarasota had not amereleed the copyright because its value had not diminished. The copyright has a useful life at purchase of $20$ years$\mathrm{.}5.$ In $2026,$ the company wrote off $$88,000$ of inventory considered to be obsolete: this loss was charged directly to Retained Earnings.Prepare the journal entries necessary in $2026$ to correct the books, assuming that the books have net been closed, Disregard efforts of corrections on income tax. $($Credit account titles are automatically Indented when the amount is entered. Do not hkent manuals if no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts Round answers to $0$ decimal places, es$,1250.$ List all dablt entries before credit entries.

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