A&K Co. purchased equipment that was installed and ready for use on January 2, 2025 at a total cost of $216,000. The salvage value was estimated at $21,600. The machinery is depreciated over four years using the straight-line method. On January 3, 2027, the machine was sold for $116,000. (a) Your answer is correct. What is the book value of the equipment at 12/31/2026? Book value $ 118800 Attempts: 1 of 1 used (b) What journal entry would be made at January 3, 2027 to record the sale? (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles Debit Credit