Equipment acquired on January 9,20Y3, at a cost of $475,000, has an estimated useful life of 15 years, an estimated residual value of $57,000, and is deprecisted by the straight-line method. a. What was the book value of the equipment at the end of the fifth year, December 31,20r ? Round your interim calculations and final answer to the nearest dollar. Enter account decreases, cash outflows, and the income statement effects that decrease net incomgas negative amounts. However, for contra asset accounts, enter account increases as a negative value. Round annual depreciation to the nearest dollar and use this amount in your follow on calculations. 1 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 $142,500, fllustrate the effects on the accounits and financal statement of depreciation for the six monits unt the sale date. 2. Assumung that the equipment was sold on July 1,20Y8, for $142,500, sllustrate the elfects on the accounts and financial statement of the sale of the equipment