The following information was provided relating to an asset: - Acquisition date: 1 January 20X1 - Acquisition cost: $76,000 - Residual value: $6,000 - Estimated useful life: 5 years - Service hours: 35,000 - Productive output in units: 7,000 Required: Prepare the journal entries to record depreciation expense for each year of the asset's life, using the productive output method. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)