Ivanhoe Productions Corp. purchased equipment on March 1, 2024, for $47,000. The company estimated the equipment would have a useful life of three years and produce 12,000 units, with a residual value of $11,000. During 2024, the equipment produced 4,500 units. On November 30, 2025, the equipment was sold for $18,000 and had produced 6,100 units that year. (a) Your answer is partially correct. Record all the necessary journal entries for the years ended December 31, 2024 and 2025, using the following depreciation methods: (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round the depreciation rate in the double-diminishing-balance method to the nearest whole percent, e.g. 43%. Round depreciation per unit in the units-of-production depreciation method to 2 decimal places, e.g. 2.25. Round final answers to O decimal places, e.g. 5,275.) (3) Units-of-production Depreciation Expense Date Account Titles and Explanation Debit 2024 Mar. 1 Equipment Cash Dec. 31 Depreciation Expense Accumulated Depreciation - Equipment 47000 10000 Credit 47000 10000 (2) Double-diminishing-balance Date 2024 Account Titles and Explanation Debit Mar. 1 Equipment Cash Dec. 31 Depreciation Expense 2025 Accumulated Depreciation - Equipment Nov. 30 Depreciation Expense Accumulated Depreciation - Equipment (To record depreciation expense) 47000 26111.11 8123 Credit 47 26111 8: