Guipment acquired on 3anuary 8 at a cost of $159,000 has an estimated useful life of 18 years, has an estimated revidual value of $9,600, and is depreciated by the strightieline method. What was the book yalue of the equipment at December 31 the ead of the fourth year? Assume that the equigment was sold on April 1 of the ffth year for $117,035. - Journalize the entry to record depreciation for the three months until the saie date, If an amount box does not require an entry, lesve it blank. Round your antwers to the nearest whole don