11 Pre-Built Problems 6 lp Save Mercury Inc. purchased equipment in 2016 at a cost of $497000. The equipment was expected to produce 580.000 units over the next five years and have a residual value of $33,000. The equipment was sold for $253,600 part way through 2018. Actual prod in each year was: 2016 83,000 units; 2017 133,000 units; 2018 67,000 units. Mercury uses units-of-production depreciation, and all depreciation has been recorded through the disposal date. uction Required: 1. Prepare the journal entry to record the sale. 2. Assuming that the equipment was sold for $280,000, 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.) View transaction list Journal entry worksheet