You are provided with the following information for a machine that Hind Company purchased on January 1, 2021: Purchase price of machine Salvage value Useful life in years SAS $ 1. Calculate depreciation expense for 2021 (2 points). Work: Purchase price of machine 15,060 3,765 5 Salvage value Useful life in years Answer: 15060 3765 5 2,259 2. Record the journal entry on December 31, 2021 to show depreciation (2 points). Depreciation Expense Equipment 2,259 2,259 3. On December 31, 2022, Hind Company sold the machine for the following amount: S 13,554 Record the journal entry to show 2022 depreciation (2 points). Record the journal entry to show the sale (4 points). 2022 depreciation journal entry: Loss 2,259 Equipment 2,259 Sale of machine journal entry: Equipment 15,060 Accumulated Depreciation 4,518 Loss (9,036) Cash