Pete's Propellers Company showed the following information in its Property, Plant, and Equipment Subledger regarding Machine #5027 Machine #5027 Depreciation Method Component Single metal housing Motor Blade Date of purchase Jan. 12/18 Jan. 12/18 Jan. 12/18 Est. Residual Est. Life $6,000 15 yrs 6,000 10 yrs 1,400 5 yrs Cost $ 60,000 39,000 15,600 $114,600 DDB "SL - Straight-line, DDB - Double-declining balance On January 7, 2020, the machine blade cracked and it was replaced with a new one costing $13,000 purchased for cash (the old blade was scrapped). The new blade had an estimated residual value of $2.000 and an estimated life of five years and would continue to be depreciated using the straight-line method. During 2020. It was determined that the useful life on the metal housing should be increased to a total of 17 years instead of 15 years and that the residual value should be increased to $9.900. Required: 1. Prepare the entry to record the purchase of the replacement blade. View transaction list Journal entry worksheet Calculate the total depreciation expense to be recorded on Machine #5027 for 2020. otal Depreciation expense