ZOOM + Thomkins Company purchased a new printing machine for its wallcovering manufacturing business for $90,000 on 8/1/21. In addition, Thomkins paid sales tax of $6500, delivery costs of $1,100, and installation charges of $700. Thomkins had to do a few trial runs of the machine at a cost of $1,200 to be sure that it was installed and running properly. A case of machine oil needed to keep the machine operating smoothly was also purchased for $400. Thomkins estimates that the machine will be used for 10 years, printing approximately 150,000 rolls of wallpaper. At the end of that time, the machine will probably be able to be sold on the second-hand market for about $6,500. 1) What is the total cost of the machine? What journal entry will Thomkins make on 8/1/21, assuming that all purchases are made in cash? 2) Compute the depreciation expense for 2022 (second year) and the book value of the asset at 12/31/22 after adjustments, using each of the four GAAP depreciation methods that we covered in class. Thomkins printed 6,500 rolls of wallpaper in 2021 and 15,500 in 2022. 3) Asume that Thomkins was offered $48,000 for the machine on 4/1/27. Thomkins had been thinking of disposing of the machine and replacing it with newer technology. Suppose Thomkins decided to sell the machine on that day. If Thomkins used the straight-line method of depreciation, what journal entry(ies) would Thomkins need to make on 4/1/27? MacBook Air