Carla Vista Co. purchased equipment on March 1, 2019, for $95,000 on account. The equipment had an estimated useful life of five years, with a residual value of $5,000. The equipment is disposed of on February 1, 2022. Carla Vista Co.uses the diminishing-balance method of depreciation with a 20% rate and calculates depreciation for partial periods to the nearest month. The company has an August 31 year end. Record the acquisition of the equipment on March 1, 2019. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Mar. 1 (To record purchase of equipment on account.) Record depreciation at August 31, 2019, 2020, and 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) 2019 Date Account Titles and Explanation Debit Credit Aug. 31 (To record depreciation expense.) 2020 Date Account Titles and Explanation Debit Credit Aug. 31 (To record depreciation expense.) 2021 Date Account Titles and Explanation Debit Credit Aug. 31 (To record depreciation expense.) Record the disposal on February 1, 2022, under the following assumptions: (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) 1. It was scrapped with no residual value. 2. It was sold for $54,740. 3. It was sold for $45,130 4 It was traded for new equipment with a list price of $94,000. Carla Vista was given a trade-in allowance of $50,000 on the old equipment and paid the balance in cash. Carla Vista determined the old equipment's fair value to be $47,280 at the date of the exchange. Date Account Titles and Explanation Debit Credit 2022 Feb 1 (To record depreciation expense.) 1 Feb. 1 (To record disposal.) 2. Feb. 1 (To record disposal.) 3. Feb. 1 (To record disposal.) 4. Feb. 1 (To record disposal.)