Koprowski Corporation ("KC") purchases an industrial 3-D printer on July 1, 2022. The printer cost $150,000 and management estimates its salvage value and useful life to be $25,000 and 5 years, respectively. KC recognizes depreciation on a straight-line basis, records depreciation on a monthly basis, and sells the equipment on January 1, 2025 for $15,000. Instructions Compute the following amounts: 1. Total depreciation expense - 2022 2. Accumulated depreciation - 12/31/2023 3. Total depreciation expense - 2024 4. Net book value of equipment - 12/31/2024 $ 5. Gain (loss) on sale - 1/1/2025