Equipment acquired on January 8 at a cost of $136,150 has an estimated usetur life of 15 years, has an estimated residual value of $8,050, and is depreciated by the straigut-line method. Required: a. What was the book vatue of the equipment at December 31 the end of the fourth year? b. Assuming that the equipment was sold on April 1 af the firh year for $93,175, jounalize the entries to record (1) depreciation for the three months until the sale date and (2) the sab of the equipment. Refer to the chart of accounds for the exact wording of the account tites. CNOW journals do not use ines for journal explanabions. Every ine on a joumal page is used for debit or credi entries. CNOW joumals will automaticaly indent a credit entry when a crodit amount is entered. Round your answer to the nearest whole dollar. a. What was the book value of the equipment at December 31 the end of the fourth year? D. Assuming that the equipment was sold on Apnil 1 of the fith year for $93,175, journalize the entries to record the following (Fefer to the chart of accounts far the exact wonding of th account titlos. CNOW journals do not use lines for joumal expianations. Every line on a joumal page is used for dobit or crodit entries. CNOW joumais wil automaticasy indent a credi entry when a credit amount is entored. Round your answer to the nearest whole dollar.): 1. Deprecigtion for the throe months unti the sale date 2. The sale of the equipment 2. The sale of the equipment