Equipment acquired on lanuary 6 at a cost of $212,500 has an estimated useful ife of 7 years and an estimated residual value of 527,700 . a. What was the anmual amount of deprecistion for the Years 13 using the straight-line method of depreciation? b. What was the book value of the equigment on January 1 of Year 4 ? c. Assuming that the equipment was sold on January 3 of Yeat 4 for $126,600, Journalize the entry to record the sale. If an amount box does not requine an entry, leave it biank d. Aswming that the equipment had been sold on January 3 of Yeer 4 for 5136,600 instead of $126,600, fournalite the entry to record the sale. If an amount box does not require an entry, leove it blank. b. What was the book value of the equipment on January 1 of c. Assuming that the equipment was sold on January 3 of Year 4 it blank. Jan. 3 d. Assuming that the equipment had been sold on January 3 of Ye not require an entry, leave it blank