Equipment was acquired at the beginning of the year at a coct of 1612,500 . The equipment was deprocated wing the straightline method bused on an eatimated userur bfe of 9 years and an estimated residual value of 140,120 a. What was the depreciation for the firu year? Round your answer to the nearest cent b. Uaing the rounded ameunt from Part a in your computation, determine the gancists) on the sale of the cquipment, aswuming it was soid at the end of year eight foe s97, 13. Alound your aniwer to the nearest cent and enter as a pesitve amourh. c. Journalie the ensiry to record the sale. If an anougt box does not require an entry, lewe it blank. Rovnd your answes to the reacest cent