very urgent please

Question 13 (6 points) Saved On January 2, 2020, Orange Partners paid $650,000 for a machine with a useful life of 5 years and a residual value of $60,000. On January 2, 2022, the company determined that the machine would have a remaining useful life of 2 years with a residual value of $50,000. The company uses the straight-line method to the nearest whole month to calculate depreciation. The company has a December 31 year-end. REQUIRED: a Calculate the machine's carrying value at December 31, 2021 (3 marks) b. Prepare the journal entry to record depreciation at December 31, 2022. (3 marks) Question 9 (4 points) Saved On March 31, 2020, Sally's Shovel Shop is determining the lower of cost and net realizable value of its inventory Required: a. In the table below, determine the lower of cost and net realizable value of the ending inventory assuming Sally's Shovel Shop applies LCNRV on individual items. b. Prepare the journal entry required, if any, to record the adjustment from cost to the lower of net realizable value Paragraph V B I UA E EY colo + 3 Part a. Product Total Cost Total NRV LCNRV $300 $280 I Shovel Scoop $700 $875 Total $1.000