Amanic Corporation purchased a machine on January 1, 2001, for $25,000. Before the machine was utilized in a productive capacity, the following expenditures were made: a. Removal of a wall to accommodate the machine $1,500 b. Cost of training an operator 850 c. Installation of a counting device 500 d. Premium on a 3-year insurance policy 900 Depreciation on the machine was recorded at the end of each year. The depreciation rate is $3,000 per year. On October 1, 2007, the machine was sold for $8,000. Instructions: Prepare the journal entries Stadnicki Company should make for the purchase and sale of the machine. Quality control efforts in the production of XR-33 28,500
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