A- Gama Company has an equipment that cost $70,000 when bought on January 1, 2020. It has estimated salvage value of $7,000 and an estimated useful life of 5 years. The company uses the straight line method Instructions: Record the sale of this equipment in the following independent cases, Update and record depreciation at time of sale. (a) Sold for $40,000 on January 1, 2020. (b) Sold for $40,000 on April 1, 2020. (c) Sold for $15,000 on January 1, 2020. (d) Sold for $15,000 on September 1, 2020. (e) Repeat (a), assuming GAMA uses double-declining balance depreciation. (1) Repeat C, assuming GAMA uses double-declining balance depreciation. (e) Repeat (a), assuming GAMA uses double-declining balance depreciation. (1) Repeat C, assuming GAMA uses double-declining balance depreciation