ed 18 out of Restaurant La Jolie Vache purchased equipment on January 1, 2018 for $70,000. The asset is expected to last for four years, at which time the estimated residual value will be $11,000. Required a) Prepare a table showing the amount of depreciation expense each year, accumulated depreciation to date and net book value. Restaurant La Jolie Vache uses straight-line depreciation. 9 on Do not enter dollar signs or commas in the input boxes. Round all dollar figure answers to the nearest whole number. Year Cost of Long-Term Asset Depreciation Expense Accumulated Depreciation to Date Net Book Value 2018 $70,000 $ 2019 $70,000 $ $ $ 2020 $70,000 $ $ $ 2021 $70,000 $ $ $ b) The asset was sold for $15,000 on January 1.2022. Prepare the journal entry to record the sale. Enter all debit accounts in alphabetical order. Enter all credit accounts in alphabetical order Date Jan 1 Account Title and Explanation Debit Credit Quiz