EE (Click the icon to view the data.) 1, T 12/31/18 12/31/17 Property and equipment24,640 S22,840 Accumulated depreciation been opened for you. Enter the unknown in each account. (Hint: Recall the types of each of the two accounts increase and decrease. You are solvi of Property and Equipment sold and the Accumulated Deprecia assets.) (13.690) (12.680) From the investing activities section of the 2018 cash flow statement Cash used to purchase property and equipment Proceeds from sale of property and equipment assets sold during 2018. What is the difference between the sa the book value? S (2.280) 43 3. Prepare the journal entry for the sale of property and equipmen Describe the effect of this transaction on the the sales price and the book value in the journal entry, and com difference you calculated in requirement 2 From the 2018 income statement: Depreciation expense $1,320 briefly 4. Prepare a T-account for Property and Equipment, Net. Repeat Print Done Print Done questions and multimedia content in your course