Equipment acquired on January 9, 20Y3, at a cost of $657,000, has an estimated useful life of 18 years, an estimated residual value of $131,400, and is depreciated by the straight-line method. a. What was the book value of the equipment at the end of the fifth year, December 31, 20Y7? Round your interim calculations and final answer to the nearest dollar For decreases in accounts or outflows of cash, enter your answers as negative numbers. Round annual depreciation to the nearest dollar and use this amount in your follow-on calculations If no account or activity is affected, select "No effect" from the dropdown and leave the corresponding number entry box blank. b1. Assuming that the equipment was sold on July 1, 20Y8, for $229,950, illustrate the effects on the accounts and financial statement of depreciation for the six months until the sale date Balance Sheet Statement of Cash Income Assets Liabilities +Stockholders' Equity Flows Statement July 1. Statement of Cash Flows Income Statenent