4.Pryce Company owns equipment that cost $65,000 when purchased on January 1, 2014 has been depreciated using the straight-line method based on estimated salvage value of $5,000 and an estimated useful life of 5 years. Instructions Prepare Pryce Company's journal entries to record the sale of the equipment in these four independent situations. (a) Sold for $31,000 on January 1,2017. (b) Sold for $31,000 on May 1, 2017. (c) Sold for $11,000 on January 1,2017. (d) Sold for $11,000 on October 1, 2017