in Question 3 [8 points) son ca Se Selected plant and equipment asset balances on December 31, 2013 for Vision Consulting Inc. are as follows: der Equipment $79,600 Accumulated Depreciation Equipment 64.000 Total estimated useful life on the equipment is 5 years with a residual value of $3,000, depreciated using the double declining balance method to the nearest whole month. The equipment was sold on July 3, 2014 for cash of $12.480 Y Prepare journal entries for the following a Depreciation of the equipment for 2014 by The sale of the equipment on July 3 Ensure accuracy in your calculations by rounding only your final answer to the nearest whole dollar) Enter the transaction totter as the description when entering the transactions in the journal. Dates must be entered in the format ddimme January 15 would be 1Jan) icats For simplicity, assume the assets are depreciated as individual items and will not be broken into parts and depreciated. General Journal Date Account Explanation F Debit Crede .de Page