Entries for Sale of Foxed Asset Equipment acquired on January 8 at a cost of $196,200 has an estimated useful life of 20 years, has an estimated residual value of $9,800, and is depreciated by the straighs-line method. a. What was the book value of the equipment at December 31 the end of the fourth year? b. Assume that the equipment was sold on April 1 of the fifth year for $151,590. 1. Journalige the entry to record deprecabon for the three months untis the sale dnte, If an amount box does not require an entry, leave it blank, Round your answern to the nearest whole doliar if required. 2. Joumalize 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