Lopez & Company, located in the beautiful Puget Sound, provided the following post$-$closing trlal balance for the year ended

December $31,2022$

ACCOUNT

Cash

Accounts Recelvable

Allowance for doubtful accounts

Inventory

Equipment

Accumulated Depreclatlon $-$ Equlpment

Accounts Payable

Capital, Lopez

TOTAL

ADDITIONAL INFORMATION:

The equipment shown on the trlal balance consists of:

During the fiscal year $2023,$ the company had the following transactions related to Its equipment:

March $1,2023$: Pald $$45,000$ to expand the production capacity of equipment $C.$ This doubled the production capacity from

$10,000$ unlts per day to $20,000$ unlts per day. The useful life of the equlpment remains unchanged.

March $31,2023$: Paid $$4,500$ as regular malntenance for all three machines. The cost is divided equally among the $3$ machines

August $31,2023$: Due to Increased demand, purchased a fourth equipment $($Equipment D$).$ The Involce price was $$100,000$ with

terms $\frac{2}{10},$ n$/60$ FOB shipping point. The company paid $$3,000$ for shipping and another $$4,000$ to install the equlpment. The

invoice was paid within the discount period. The estlmated useful life is $10$ years with zero salvage value.

REQUIRED

$($a$)$ What is the total cost of the four equipment as at December $31,2023$

$($b$)$ What is the total depreclation expense for the four equlpment for the year ended December $31,2023$

$($c$)$ What is the total accumulated depreclation for the four equipment as at December $31,2023$

$($d$)$ What is the net book value of the four equipment as at December $31,2023$

$($e$)$ Assume that equipment B was sold for $$74,000$ on January $1,2024.$ Record the resulting journal entry.