HlentMain.do ?invoker assignments&takeAssignmentSessionLocator assignment-take&inprogress=false Calculator Entries for Sale of Fixed Asset Equipment acquired on January 5, 2013, at a cost of $960,600, has an estimated useful life of 12 years, has an estimated residual value of $79,320, and is deprecilated by the straight-line method. a. What was the book value of the equipment at December 31, 2016, the end of the year? b. Assume that the equipment was sold on April 1, 2017, for $596,600. 1. Journalize the entry to record depreciation for the three months until the sale date. Depreclation Expense-Equipment Accumula Depreciation-Equipment 2. Journalize the entry to record the sale of the equipment. If an amount box does not require an entry, leave it blank. Do not round intermediate calculations Cash Accumulated Depreclation-Equipment Equipment Gain on Sale of Equipment Previous Next All work saved. Save and Exit Submit Assignment for Grading 10