Ivanhoe Productions Corp. purchased equipment on March 1, 2021, for $47,000. The company estimated the equipment would have a useful life of threeyears and produce 12,000 units, with a residual value of $11,000. During 2021, the equipment produced 4,500 units, On November 30, 2022, the machine was sold for $18,000 and had produced 6,100 units that year: (ia) Fiecord all the necessary iournai entries for the vears ended Deceriber 31,2021 and 2022 using the following deprectation methods. (List all debit entries before credit entries Credit account titles are automatically indented when the amount is entered. Do not indent manualiy. If no entry is required, select "No Entry' for the occount titles and enter D for the arnounts. Round the depreciation rate in the double-diminishing balance method to the nearest whole percent, ess, 43% and round depreciation per unit in the units-of-production depreciation methad to 2 decimal ploces, es 225 and final answers to 0 decimal places, es 5,2753. (1) Straight-line Date Account Tities and Explanation Debit Credit 2021 Mar. 1 Equipment Dec. 31 Depreciation Expense Accumalatod Depreciation - Equipment. 2022 Now. 30 Deprecititionexperos Acaumultios Daviredsion- Eoulprient. (To record deprectation experse) Nov: 30 Accupulatod Oegreanion-figingent (2) Double-diminishing-balance Accumulated Depreciation- Equipment (To record depreciation expense) Nov, 30 AccurrulatedDepreciation Equiprnent Gaingn Disposal Equighnint. (To resord the sale of machine) (3) Units-of-Production Date Account Titles and Explanation Debit Credit 2021 Mar. 1 Dec. 31 Depreciation Expense Accumulated Depredation - Equipment 2022 Nov, 30 Depreciation Expense Accumulated Depreciation- Equigrnent (To record depreciation expense) Nov. 30 Acoumulated Depreciation- Equipment Chin on Disporal Figilipitient. (To recoid thei sate of machine)