Do required 1 and 2 please

Mercury Inc. purchased equipment in 2016 at a cost of $313,000. flve years and have a residual value of $34,000. The equipment was sold for $167,900 part way through 2018. Actual production in each year was: 2016 44,000 units: 2017-70,000 units: 2018-35.000 units. Mercury uses unlts-of-production d depreciation has been recorded through the disposal date. The equipment was expected to produce 310,000 units over the next .5 Required: 1. Prepare the journal entry to record the sale 2. Assuming that the equipment was sold for $181,900, prepare the journal entry to record the sale. Complete this question by entering your answers in the tabs below in the first account fieid.) Journal entry worksheet Record the sale. 1.5 Journal entry worksheet Print Record the sale. References Prev 5 of 10 Next >