value 10.00 points Clarion Contractors completed the following transactions and events involving the purchase and operation of equipment in its business 2014 Jan. 1 Paid $255,440 cash plus $15,200 in sales tax and $2,500 in transportation (FOB shipping point) for a new loader. The loader is estimated to have a four-year life and a $34,740 residual value. Loader costs are recorded in the Equipment account Jan. 3 Paid $3,660 to enclose the cab and install air conditioning in the loader to enable operations under Dec. 31 Recorded annual straight-line depreciation on the loader 2015 harsher conditions. This increased the estimated residual value of the loader by another $1,110 to overhaul the loader's engine, which increased the loader's estimated useful life by two years Feb. 17 Paid $920 to repair the loader after the operator backed it into a tree Dec. 31 Recorded annual straight-line depreciation on the loader Required: Prepare journal entries to record these transactions and events (Round your intermediate calculations and final answers to the nearest dollar amount. Omit the "$" sign in your response.) General JournalD Jan. 1, 2014 (Click to select) Jan 3, 2014 (Click to select) Dec. 31, 2014 (Click to select) Jan. 1,2015 (Click to select) Feb 17,2015 Click to select Dec. 31, 2015 (Click to select) (Click to select) (Click to select) Click to select) (Click to select) Click to select) (Click to select) References Worksheet Learning Objective: 10-C1 Explain the cost princip computing the cost of papperty, plant and equipme