Google Chrome progresstale New Tab NK CH 9 eBook Show Me How Calculator Entries for Sale of Fixed Asset Equipment acquired on January 8 at a cost of $132,850 has an estimated useful life of 16 years, has an estimated residual value of $7,250, and is depreciated by the straight-line method. a. What was the book value of the equipment at December 31 the end of the fourth year? b. Assume that the equipment was sold on April 1 the fifth year for 594,432. 1. Journalize the entry to record depreciation for the three months until the sale date. If an amount box does not require an entry, leave it blank. Round your answers to the nearest whole dollar if required. Accumulated Depreciation-Equipment 2. Journalize the entry to record the sale of the equipment, Iran amount box does not require an entry, leave it blank. Do not round Intermediate calculations 5 o HI Type here to search DOLL F42 PS