b$.$ What was the book value of the equipment on January $1,20Y4?$

$q,$

C$.$ Assuming that the equipment was sold on January $2,20Y4,$ for $$215,250,$ illustrate the effects on the accounts and financial statements of the sale.

d$.$ Assuming that the equipment was sold on January $2,20Y4,$ for $$932,750$ instead of $$215,250,$ illustrate the effects on the accounts and financial statements of the sale.