The following data relate to the Machinery account ofBonita, Inc. at December 31, 2020.

Machinery

A B C D

Original Cost $50,140 $55,590 $87.200 $87200

Year Purchased 2015 2016 2017 2019

Useful Life 10 yrs 15,000 hrs 15 yrs 10 yrs

salvage value $3379 $3270 $5450 $5450

Depreciation method sum of yrs digits Activity straight lne decline bal

Accum depr through 2020 $34008 $38368 $16350 $17,440

*In the year an asset is purchased,Bonita, Inc. does not record any depreciation expense on the asset.

In the year an asset is retired or traded in,Bonita, Inc. takes a full year's depreciation on the asset

The following transactions occurred during 2021.

(a)On May 5, Machine A was sold for $14,170cash. The company's bookkeeper recorded this retirement in the following manner in the cash receipts journal.

Cash 14,170

Machinery (Machine A) 14,170

(b)On December 31, it was determined that Machine B had been used2,500hours during 2021.

(c)On December 31, before computing depreciation expense on Machine C, the management ofBonita, Inc. decided the useful life remaining from January 1, 2021, was10years.

(d)On December 31, it was discovered that a machine purchased in 2020 had been expensed completely in that year. This machine cost $30,520and has a useful life of10years and no salvage value. Management has decided to use the double-declining-balance method for this machine, which can be referred to as "Machine E."

Prepare the necessary correcting entries for the year 2021. Record the appropriate depreciation expense on the above-mentioned machines.(If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Round intermediate calculations to 3 decimal places, e.g. 4.589 and final answers to 0 decimal places, e.g. 45,892. Credit account titles are automatically indented when amount is entered. Do not indent manually.)