Disposal of Fixed Asset Equipment acquired on January 6 at a cost of $331,200, has an estimated useful le of 8 years and an estimated residual value of $43,200. a. What was the annual amount of depreciation for the Years 1-3 using the straight-line method of depreciation? Year Depreciation Expense Year 1 Year 2 Year 3 b. What was the book value of the equipment on January 1 of Year 47 C. Assuming that the equipment was sold on January 3 of Year 4 for $212,000, Journalize the entry to record the sale. If an amount box does not require an entry, leave it blank d. Assuming that the equipment had been sold on January 3 of Year 4 for $227,700 instead of $212,000, journalize the entry to record the sale. If an amount box does not require an entry, leave it blank