(b) Muaj & Company owns a machine that cost Tk. 100,000 when purchased on June 1, 2018. It has been depreciated using the double declining balance method assuming no salvage value and an estimated useful life of 5 years. The company uses calendar year (January-December) to prepare the financial statements. Instructions: Prepare Muaj & Companys journal entries to record the sale of the equipment assuming that the equipment was sold for Tk. 20,000 on January 1, 2021

please do the instructions