9 Record the fixed assets and depreciation Eckan Word Processing Service uses thestraight-line method of depreciation. The company's fiscal year end is December31. The following transactions and events occurred during the first threeyears. 2X10 July1 Purchaseda computer from the Computer Center for $2,100 cash plus sales tax of $150, andshipping costs of $50. Nov.3 Incurred ordinary repairs on computer of $140. Dec.31 Recorded 2X10 depreciation on the basis of a four year life andestimated residual value of $500. 2X11 Dec.31 Recorded 2X11 depreciation. 2X12 Jan.1 Paid$400 for an upgrade of the computer. This expenditure is expected to increasethe operating efficiency and capacity of the computer. Enquired Prepare the necessary entries.