2. Koch Company owns equipment that cost 110,000 when purchased on January 1, 2018. It has been depreciated using the straight-line method based on estimated residual value of 10,000 and an estimated useful life of 5 years Required: prepare Koch Company's journal entries to record the sale of the equipment in these four independent situations. 1) Sold for 56,000 on January 1, 2021. 2) Sold for 56,000 on April 1, 2021 3) Sold for 22,000 on January 1, 2021 4) Sold for 22.000 on October 1. 2021