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Mercury Inc. purchased equipment in 2016 at a cost of $345,000. The equipment was expected to produce 460,000 units over the next five years and have a residual value of $23,000. The equipment was sold for $182,200 part way through 2018. Actual production in each year was: 2016 = 66,000 units, 2017 = 105,000 units; 2018 = 53,000 units. Mercury uses units-of-production depreciation, and all depreciation has been recorded through the disposal date. Required 1. Prepare the journal entry to record the sale 2. Assuming that the equipment was sold for $208,200, prepare the journal entry to record the sale. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry to record the sale. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) iew transaction list View transaction list Journal entry worksheet Record the sale. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal Required 1 Required 2> Required 1 Required 2 Assuming that the equipment was sold for $208,200, prepare the journal entry to record the sale. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the sale of equipment. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal