Help Save Mercury Inc. purchased equipment in 2019 at a cost of $340,000. The equipment was expected to produce 440,000 units over the next five years and have a residual value of $32,000. The equipment was sold for $170.900 part way through 2021. Actual production in each year was: 2019 = 63,000 units: 2020 = 100,000 units; 2021 = 50,000 units. Mercury uses units-of-production depreciation, and all depreciation has been recorded through the disposal date. Required: 1. Calculate the gain or loss on the sale. 2. Prepare the journal entry to record the sale. 3. Assuming that the equipment was instead sold for $201.900, calculate the gain or loss on the sale. 4. Prepare the journal entry to record the sale in requirement 3 Complete this question by entering your answers in the tabs below