6. Adler Co. purchased equipment on January 1,2020 , for $60,000. The equipment has an estimated useful life of 8 years and an estimated salvage value of $12,000. Required: (1) Prepare a table showing depreciation expense and book value of the equipment for the first three years under each of the following methods: a. Straight-line method b. 200% declining balance method (2) Now assume that at the end of 2022, Adler Co. decided to sell the equipment. Prepare a journal entry to show the sale if the company received $47,000 for the sale of the equipment