Equipment acquired on January $8$ at a cost of $$181,730$ has an estimated useful life of $18$ years, has an estimated residual value of $$8,750,$ 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$.$ Assuming that the equipment was sold on April $1$ of the fifth year for $$135,867.$

Journalize the entry to record depreciation for the $3$ 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.

Account

Debit

Credit

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$$

$$

$$

$$

$$

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.

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$$

$$

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