The following information applies to the questions clisplayed below At the beginning of the year, Plummer's Sports Center bought three used fitness machines from Advantage, Inc. The machines immediately were overhauled, installed, and started operating. The machines were different therefore, each had to be recorded separately in the accounts. Machine A Machine B $22.400 $35,400 16,700 2,800 Machine C Amount pald for asset Installation costs 700 3,400 Renovation costs prior to use 2,800 2,500 By the end of the first year, each machine had been operating 6,100 hours. value: 10.00 points Required: 1. Compute the cost of each machine Total Cost Machine A Machine B Machine C 2. Prepare the entry to record depreciation expense at the end of year 1, assuming the following. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) ESTIMATES Life 9 years 77,000 hours 8 years Machine Residual ValueDepreciation Method $2,000 Straight-line 2,200 Units-af-productian 2,000 Double-declining-balance View transaction Iist Journal entry worksheet Record the depreciation expense for year 1 Note: Enter debits before credits Transaction General Journal DebitCredit