10 pts Cold Stone Creamery purchased equipment for $55,000 on 1/1/20, with an estimated salvage value of $5,000. The asset has a 5 year expected useful life and uses straight line depreciation. On 9/30/22, the company decided to sell the equipment for $30,000. 1. Calculate the annual depreciation of the equipment. 2. Calculate the accumulated depreciation up to the point of disposal (round to the nearest $). 3. Prepare the journal entry for the disposal of the equipment. Date Account Debit 19/30/22