Disposal of Fixed Asset Equipment acquired on January 6 at a cost of $198,700 has an estimated useful life of 8 years and an estimated residual value of $25,900. a. What was the annual amount of depreciation for Years 1-3 using the straight-line method of depreciation? Year Year 1 Year 2 Year 3 Depreciation Expense b. What was the book value of the equipment on January 1 of Year 4? c. Assuming that the equipment was sold on January 3 of Year 4 for $127,200, 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 $136,600 instead of $127,200, journalize the entry to record the sale. If an amount box does not require an entry, leave it blank.