* CygageNoWV2 Online teacher * c Equipment Was Acquired At The X + Signmentakelssignment Main doinvoker assignments&takeAssignmentSessionLocator assignment takeinprogress false eBook Show Me How Calculator Print Item Entries for Sale of Fixed Asset Equipment acquired on January 8 at a cost of $156,800, has an estimated useful life of 15 years, has an estimated residual value of $8,150, and is depreciated by the straight-line metho a. What was the book value of the equipment at December 31 the end of the fourth year? b. Assuming that the equipment was sold on April 1 of the fifth year for 107,772. 1. Journalize the entry to record depreciation for the three months until the sale date. Round your answers to the nerest whole dollar if required. 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. Check My Work 2 more Check My Work uses remaining Previous Next All work saved. Email Instructor Save and Exit Submit Assignment for Grad