c. Assuming that the equipment was sold on January 7, 2014, for $243,000, illustrate the effects on the accounts and financial statements of the sale. Balance Sheet Statement of Cash Assets Llabilities Stockholders' Equity Flows Income Stateme Jan 7 Statement of Cash Flows Income Statement d. Assuming that the equipment was sold on January 7, 2014, for $850,500 instead of $243,000, illustrate the effects on the accounts and financial statements of the Balance Sheet Statement of Cash Flows Assets Liabilities Stockholders' Equity Income Statemer Jan 7 Statement of Cash Flows Income Statement c. Assuming that the equipment was sold on January 7, 2014, for $243,000, illustrate the effects on the accounts and financial statements of the sale. Balance Sheet Statement of Cash Assets Llabilities Stockholders' Equity Flows Income Stateme Jan 7 Statement of Cash Flows Income Statement d. Assuming that the equipment was sold on January 7, 2014, for $850,500 instead of $243,000, illustrate the effects on the accounts and financial statements of the Balance Sheet Statement of Cash Flows Assets Liabilities Stockholders' Equity Income Statemer Jan 7 Statement of Cash Flows Income Statement