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Equipment acquired on January 8 at a cost of $116,150 has an estimated useful life of 15 years, has an estimated residuat value of $8,300, and is depreciated by the stralght-line method. a. What was the book value of the equipment at December 3: the end of the fourth year? \$. b. Assuming that the equipment was sold on April 1 of the fift year for $79,857. 1. Journalize the entry to record depreciation for the 3 months until the sale date. If an amount box does not require an entry, leave it blank. Round your answers to the nearest whole dollar if required