Disposal of Fixed Asset Equipment acquired on January 8, 20Y1, at a cost of $610,000, has an estimated useful life of 13 years and an estimated residual value of $122,000 a. What was the annual amount of depreciation for the years 20Y1, 20Y2, and 20Y3, using the straight-line method of depreciation? Round annual depreciation to the nearest dollar and use this amount in your follow-on calculations. Depreciation expense 20Y1 20Y2 20Y3 b. What was the book value of the equipment on January 1, 20Y4? 37,538 37,538 37,538 497,386 For decreases in accounts or outflows of cash, enter your answers as negative numbers. If no account or activity is affected, select 'No effect' from the dropdown and leave the corresponding number entry box blank. c. Assuming that the equipment was sold on January 7, 20Y4, for $183,000, illustrate the effects an the accounts and financial statements of the sale. Balance Sheet Statement of Cash Income Stockholders' EquityStatement Assets Liabilities+ Flows Cash +Equipment Accumulated depreciation -equipment - No effect Retained carnings Jan. 7. 183,000 Statement of Cash Flows Income Statement Sales d. Assuming that the equipment was sold on January 7, 20Y4, for $732,000 instead of 183,000, illustrate the effects on the accounts and financial statements of the sale. Balance Sheet Statement of Cash Income Assets Liabilities + Stockholders' Equity Flows Statement Cash + Equipment -Accumulated depreciation -equipment Jan. 7 Statement of Cash Flows Income Statemen