$19,200 Faster Company purchased equipment in 2020 for $104,000 and estimated an $8,000 salvage value at the end of the equipment's 10-year useful life. At December 31, 2021, there was in the Accumulated Depreciation account for this equipment using the straight-line method of depreciation. On March 31, 2022, the equipment was sold for $21,000. Prepare the appropriate journal entries to remove the equipment from the books of Faster Company on March 31, 2022. Respond to the following questions below about the equipment: a) What is the net book value for the equipment at December 31, 2021? $84500 104000 M 719200 84800 b) Record the entry for the depreciation as of March 2021 19200 12 J. = 1600 M3 4800 Eff Accumulated dep. (4800) as Acc sept 41800 Accep c) What is the balance in the accumulated depreciation account as of March 31, 2021 24,000 19200 +48000 d) What is the net book value of the equipment as of March 31, 2022? 80,000