Entries for Sale of Fixed Asset Equipment acquired on January 8 at a cost of $161,650 has an estimated useful life of 20 years, has an estimated residual value of $9,850, and is depreciated by the straight-line method. a. What was the book value of the equipment at December 31 the end of the fourth year? $fill in the blank 8e48bb00405c033_1 b. Assume that the equipment was sold on April 1 of the fifth year for $122,407. 1. Journalize the entry to record depreciation for the three months until the sale date. If an amount box does not require an entry, leave it blank. Round your answers to the nearest whole dollar if required. fill in the blank d248ae087fcf01f_2 fill in the blank d248ae087fcf01f_3 fill in the blank d248ae087fcf01f_5 fill in the blank d248ae087fcf01f_6 2. Journalize the entry to record the sale of the equipment. If an amount box does not require an entry, leave it blank. Do not round intermediate calculations. fill in the blank 522e3e074fb8fb0_2 fill in the blank 522e3e074fb8fb0_3 fill in the blank 522e3e074fb8fb0_5 fill in the blank 522e3e074fb8fb0_6 fill in the blank

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