Equipment has a historical cost of $52,300 After 8 % years, on March 307, the Equipment has a Net Book Value of $3,850 The company uses (monthly) Straight line depreciation. The Equipment has a useful life of 9 years and salvage value was estimated to be $1,000 Please journalize the transactions below for 3 INDEPENDENT scenarios. I 1. The Equipment was disposed of on April 23, no scrap value 2. The Equipment was sold on April 23 for $4,000 cash 3. The Equipment was sold on April 23 for $3,200 cash