Homework - Due on/before 9:30 am Tuesday, March 17, 2020 Nam Partial Balance Sheet Equipment Accumulated Depreciation Book Value Crenshaw company bought equipment January 1, 2018 for $100,000 with an estimated 5 year economic life and residual (salvage) value of $30,000. Crenshaw uses Straight line depreciation methods. In the space below, prepare the adjusting entry made on December 31, 2018 and then update the particial Balance sheet above for 2018 In the space below, prepare the adjusting entry made on December 31, 2019 and then update the particial Balance sheet above for 2019. In the space below, prepare the adjusting entry made on December 31, 2020 and then update the particial Balance sheet above for 2020. Crenshaw sold the equipment on September 1, 2021 for $45,000. In the space below, the adjusting entry to update depreciation as of September 1, 2021. Round to whole dollars.) In the space below, prepare the entry to record the sale of the equipment on September 1, 2021. Page 1 of 2