Recorded $200 of depreciation expense. sold land that had originally cost $9,000 for $14,000 in cash. acquired a new machine under a financing lease. the present value of future lease payments, discounted at 9%, was $12,000. recorded the first annual payment of $2,300 for the leased machine (in part c). recorded a $5,900 payment for the cost of developing and registering a trademark. recognized periodic amortization for the trademark (in part e) using a 40-year useful life. sold used production equipment for $17,000 in cash. the equipment originally cost $48,000, and the accumulated depreciation account has an unadjusted balance of $23,100. it was determined that a $1,000 year-to-date depreciation entry must be recorded before the sale transaction can be recorded. record the adjustment and the sale.