Entries for Sale of Fixed Asset Equipment acquired on January 8 at a cost of $138,250 has an estimated useful life of 18 years, has an estimated resifual value of $7,750, and is depreciated by the straight-line method. a. What was the bock value of the equipment at December 31 the end of the fourth year? 4 b. Assume that the equiprnent was sold an April 1 of the fitth year for $101,562. 1. Journalize the entry to record depteciaton for the three months until the sale date. If an amount boo does not require an entry, leave it blank. Round your ansmers to the nearest whale dollar if required. 2. Journalize the entry to record the sale of the equipment. If an amount box does not reguire an entry, leave it biank; Do not round intermediate calculacions