Ch TMOOT 2TMO803 TM0303 TMI OD 04 Entries for Sale of Fixed Asset Equipment acquired on January 8 at a cost of $131,390 has an estimated useful life of 13 years, has an estimated residual value of $7,500, and is depreciated by the straight-line method. a. What was the book value of the equipment at December 31 the end of the fourth year? TEODOS TMECODE 7 BE DOTALOO FEB 02 ALOO 9. BEDOS ALGO TO BE OBDALGO 11 BE OBALOO 12 EX 10 ALGO b. Assume that the equipment was sold on April 1 of the fifth year for $85,207. 1. Journalize the entry to record depreciation for the three months until the sale date. If an amount box does not require an entry, leave it blank. Round your answers to the nearest whole dollar if required. 12 EXO 12 ALGO 1 EXOBIT ALSO 15 EXO ALGO 2. Journalize the entry to record the sale of the equipment. If an amount box does not require an entry, leave it blank. Do not round intermediate calculations