Canvas Question o 10 pr Office equipment was purchased on January 2, 2006 for $170,000, with an estimated life of 8 years and a residual value of $10,000. It is sold on June 30, 2012 for $60,000 cash. (Assume all appropriate entries for depreciation had been made for the first six years of use 2006 through 2011, but not for the half year in 2012.) Journalize the following entries: (a) Journalize the depreciation for the one-half year prior to the sale, using the straight-line method. (b) Journalize the sale of the equipment. Format: Use the Chart of Accounts to enter correct account name. Enter debits and credits as whole numbers WITH COMMAS, but NO DECIMALS OR DOLLAR SIGNS! Date Account Name June 30 Depreciation Expen Accumulated depre Casti 130.000 A0000 Accusat depe 130300 Credit Debit MacBook Air 130000 201000 b) Journalize the sale of the equipment. Format: Use the Chart of Accounts to enter correct account name. Enter debits and credits as whole numbers WITH COMMAS, but NO DECIMALS OR DOLLAR SIGNS! Date Account Name June 30 Depreciation Expen Accumulated depre Cash 130,000 60,000 Accumulated depre 130.000 gain on sale equipment Debit Credit MacBook Air 130,000 20.000 170000