The following transactions occurred during 2023. Assume that depreciation of 10% per year is charged on all machinery and 5% per year on buildings, on a straight-line basis, with no estimated residual value. Depreciation is charged for a full year on all fixed assets acquired during the year, and no depreciation is charged on fixed assets disposed of during the year. Jan. 30 A building that cost $105,280 in 2006 is torn down to make room for a new building. The wrecking contractor was paid $4,780 and was permitted to keep all materials salvaged. Mar. 10 Machinery that was purchased in 2016 for $15,040 is sold for $2,740 cash, f.o.b. purchaser's plant. Freight of $310 is paid on the sale of this machinery. Mar. 20 Agear breaks on a machine that cost $8,460 in 2018. The gear is replaced at a cost of $2,820. The replacement does not extend the useful life of the machine. May 18 A special base installed for a machine in 2017 when the machine was purchased has to be replaced at a cost of $5,170 because of defective workmanship on the original base. The cost of the machinery was $13,320 in 2017. The cost of the base was $3,760, and this amount was charged to the Machinery account in 2017. June 23 One of the buildings is repainted at a cost of $6,500. It had not been painted since it was constructed in 2019. Date Account Titles and Explanation Debit Credit 1/30 3/10 3/20 5/18 6/23