1. Barbie Company owns equipment that cost $200,000 when purchased on January 1, 2015. It has been depreciated using the straight-line method based on estimated residual value of $32,000 and an estimated useful life of 5 years. Instructions ( @3 X 5.15%) Prepare Francis Company's journal entries to record the disposal of the equipment in these three independent situations. 16 17 18 200,000 - 32,000 ti (a) Sold for $112,000 on January 1, 2018. 75.18 (b) Sold for $112,000 on May 1, 2018. (c) Discard on October 1, 2018. = 33,600 3x 33,600. = 100,800 x2600 100800 + TL 11,200