intries for sale of fixed asset Equipment acquired on January 8 at a cost of $100,710 has an estimated useful hfe of 12 years, has an estimated residual value of $9,750, and is depreciated by the straight-line method. a. What was the book value of the equipment at December 31 the end of the fourth year? b. Assuming that the equlpment was sold on April 1 of the fith year for $61,735. 1. Journalize the entry to record depreciation for the 3 months until the sale date. If an amount box does not require an entry, leave it blank. Round your answers to the nearest whole dollar if required