[The following information applies to the questions displayed below) At the beginning of the year. Plummer's Sports Center bought three used fitness machines from Advantage, Inc. The machines immu were different therefore, each had to be recorded separately in the accounts. Amount paid for asset Installation costs Renovation costs prior to use Machine A $ 25,700 500 2,500 Machine B $ 36700 2.600 2.700 Machine C $ 8,300 1,700 2.800 By the end of the first year, each machine had been operating 4,900 hours value 4.28 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 e account field.) ESTIMATES Machine Life Residual Value Depreciation Method A 6 years $2,300 Straight-line B 77,000 hours 3,500 Units-of-production 4 years 3,500 Double-declining-balance View transaction list Journal entry worksheet