Equipment acquired on January 8 at a cost of $143,800 has an estimated useful life of 15 years, has an estimated residual value of $9,250, 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?

b. Assume that the equipment was sold on April 1 of the fifth year for $100,347.

1. Journalize the entry to record depreciation for the three months until the sale date. Round your answers to the nearest whole dollar if required.

2. Journalize the entry to record the sale of the equipment. Do not round intermediate calculations.