The following transactions related to a machine purchased by Ashkar Company this year: March 1 March 3 March 5 October 1 December 31 Purchased the machine at an invoice price of $11,010; paid $8,010 cash and signed a note for the balance, payable on October 1 of this year, with annual interest at a rate of 12 percent. Paid freight of $255. Paid installation costs of $480. Paid the balance due plus the related interest. Recorded straight-line depreciation on the machine based on an estimated useful life of 10 years and an estimated residual value of $2,145. Required: 1. Indicate the accounts affected and the amount of the effect of each transaction (March 1, 3, 5, and October 1) on the accounting equation. (Enter any decreases to account balances with a minus sign. Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) Date Assets Liabilities + Shareholders' Equity March 1 = + March 3 + + + + + + + March 5 + October 1 + + + 2. Compute the acquisition cost of the machine. (Round the final answer to the nearest whole dollar.) Acquisition cost 3. Compute the depreciation expense to be reported for this year. (Do not round intermediate calculations. Round the final answer to the nearest whole dollar.) Depreciation expense 4. This part of the question is not part of your Connect assignment. 5. What would be the carrying amount of the machine at the end of next year? (Round the final answer to the nearest whole dollar.) Carrying amount