5. Data from Danube Corporation follows: The cash flow statement reveals that depreciation expense was $220,000 for fiscal 2008 , and capital expenditures for Equipment were $900,000 during fiscal 2008 . During the year, on November 1, Equipment was sold for $200,000 cash. a) Prepare the Equipment and Accumulated Depreciation T-accounts. b) Prepare the journal entry to record the Equipment sale