Use the following end of year balances for Gee Company, for problems 4 and 5: Dec. 31, 2021 Dec. 31, 2022 Cost of Goods Sold $523,560 $635,780 Net Credit Sales $1,156,823 $1,325,689 Inventory $86,530 $89,562 Net Accounts Receivable $97,450 $101,325 Total Assets $289,725 $296,421 4. What the Inventory Turnover Ratio for Gee Company as of December 31, 2022 (round to the nearest 1 decimal point)? 5. What is the Accounts Receivable Turnover Ratio for Gee Company as of December 31, 2022 (round to the nearest 1 decimal point)? 6. Hawaii, Co. purchased a machine on January 1, 2021 for $436,515. The machine is estimated to last four years with an estimated $26,000 salvage value. The machine will be used to produce a total of 975,000 units spread over the four years as follows: Year 1 Year 2 Year 3 Year 4 175,000 325,000 365,000 110,000 Prepare the journal entry to record depreciation on the machine for Year 3 (round to 2 decimal places). Use the following end of year balances for Gee Company, for problems 4 and 5: Dec. 31, 2021 Dec. 31, 2022 Cost of Goods Sold $523,560 $635,780 Net Credit Sales $1,156,823 $1,325,689 Inventory $86,530 $89,562 Net Accounts Receivable $97,450 $101,325 Total Assets $289,725 $296,421 4. What the Inventory Turnover Ratio for Gee Company as of December 31, 2022 (round to the nearest 1 decimal point)? 5. What is the Accounts Receivable Turnover Ratio for Gee Company as of December 31, 2022 (round to the nearest 1 decimal point)? 6. Hawaii, Co. purchased a machine on January 1, 2021 for $436,515. The machine is estimated to last four years with an estimated $26,000 salvage value. The machine will be used to produce a total of 975,000 units spread over the four years as follows: Year 1 Year 2 Year 3 Year 4 175,000 325,000 365,000 110,000 Prepare the journal entry to record depreciation on the machine for Year 3 (round to 2 decimal places)