York Instruments completed the following transactions and events involving its machinery. 2014 Jan. Paid $107,800 cash plus $6,470 in sales tax for a new machine. The machine is estimated to have a six- year life and a $9,720 salvage value. 1 Dec. 31 Recorded annual straight-line depreciation on the machinery. 2015 Due to new information obtained earlier in the year, the machine's estimated useful life was changed from six to four years, and the estimated salvage value was increased to $14,345. Recorded annual straight-line depreciation on the machinery Dec. 31 2016 Dec. Dec. 31 Recorded annual straight-line depreciation on the machinery. 31 Sold the machine for $25,240 cash. Required Prepare journal entries to record these transactions and events