2 Not yet sted Moldout of 10.00 Edgewater inc. purchased equipment on January 1, 2018. for $93.500 The equipment has an estimated salvage value of $7,800 and an eshimated usele of years. The company depreciate the asset using the straight-line method on May 30, 2020, Edgewater Inc. sold the equipment for $57.200 Note: In answering the following questions, round answers to the nearest whole dollar Record the May 10, 2020, entry to update depreciation assuming that depreciation was last updated on December 31, 2019 Credit Account Name Debi Den Expert Accordion To record detection Record the May 30, 2020 entry for the sale of this equipment Dr. C. Account Name cum Deorection Los To reces Next