Class: Date: 32. Equipment acquired on Januaty 2, Year 1, at a cost of $525,000 has an estimated useful life of eight years and an estimated residual value of $45,000. Required (a) What is the annual amount of depreciation for the first three years, assuming the straightline method of depreciation is used? (b) What is the book value of the equipment on January 1, Year 4? (c) Assuming that the equipment is sold on January 2, Year 4 , for $326,000, journalize the entry to record the sale. (d) Assuming that the equipment is sold on January 2 , Year 4, for $394,000, journalize the entry to record the sale. 33. Hamir, Darci, and Pete are partners sharing income in the ratio of 3:2:1. After the firm's loss from liquidation is distributed, the capital account balances were Hamir, $45,000 Dr.; Darci, $90,000 Cr., and Pete, $64,000Cr. If Hamir is personally bankrupt and unable to pay any of the $45,000, what will be the amount of cash received by Darci and Pete upon liquidation? Show your work