E9.13 ( LO 3) Francis Manufacturing owns equipment that cost 50,000 when purchased on January 1 , 2017. It has been depreciated using the straight-line method based on an cstimated residual value of 8,000 and an estimated useful life of 5 years. Instructions Prepare Francis's journal entries to record the sale of the equipment in these four independent situations. a. Sold for 28,000 on January 1,2020. b. Sold for 28,000 on May 1, 2020. c. Sold for 11,000 on January 1, 2020. d. Sold for 11,000 on October 1, 2020