this is an acct 201 question. thank you for your support!

Clarion Co. completed the following transactions and events involving the purchase and operation of equipment in its business. 2016 Jan. 1 Paid $300,000 cash plus $30,000 in sales tax and $12,500 in transportation (FOB shipping point) for a new loader, which is estimated to have a four-year life and a $25,500 salvage value. Loader costs are recorded in the Equipment account. Jan. 3 Paid $25,000 to enclose the cab and install air conditioning in the loader to enable operations under harsher conditions. This increased the estimated salvage value of the loader by another $1,500. Dec. 31 Recorded double-declining balance depreciation on the loader. 2017 Jan. 1 Paid $40,500 to overhaul the loader's engine, which increased the loader's estimated useful life by two years. Feb. 17 Paid $1,000 to repair the loader after the operator backed it into a tree. Dec. 31 Recorded double-declining balance depreciation on the loader. Dec. 31 Sold the loader for $250,000 cash. REQUIRED: Prepare journal entries to record the above transactions and events View transaction list Journal entry worksheet Paid $300,000 cash plus $30,000 in sales tax and $12,500 in transportation (FOB shipping point) for a new loader, which is estimated to have a four-year life and a $25,500 salvage value. Loader costs are recorded in the Equipment account. REQUIRED: Prepare journal entries to record the above transactions and events View transaction list Journal entry worksheet Paid $300,000 cash plus $30,000 in sales tax and $12,500 in transportation (FOB shipping point) for a new loader, which is estimated to have a four-year life and a $25,500 salvage value. Loader costs are recorded in the Equipment account. Note: Enter debits before credits. A B C D S.No/Date Account Title Debit Credit 01/01/2016 O'U'I-hWNI-t Record entry Clear entry View general journal