Required information The following information applies to the questions displayed below. Al the beginning of the year. Mahogany, Incorporated bought machinery, shelving, and a fork. The machinery initially cost $33,600 but had to be overhauled (at a cost of $2 800) before it could be installed at a cost of $1,400) and finally put to use. The machinerys totalte was estimated on 40.000 hours with an estimated residual value of $1000, The machinety was actually used 5,000 hours in year and 7,000 hours in year 2. Repair costs were $550 in each year The svelving cost $10.300 and was expected to last 5 years, with a residual value of $800. The forklift cost $19,800 and was expected to last six years with a residual value of $2.400 3. Prepare the journal entry to record year 2 depreciation expense for the machinery. (Do not round Intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) Journal entry worksheet A cand the Year 2 depreciation expense for the machinery