Machinery that cost $226,000 on 1 January 201 was sold for $97,500 on 30 June 206. It was being depreclated over a 10 -year life by the stralght-Ine method, assuming its residual value would be $29,000. A bullding that cost $2,040,000, residual value $134,000, was being depreclated over 20 years by the straight-line method. At the beginning of 206, when the structure was 8 years old, an additional wing component was constructed at a cost of $755,000. The estimated life of the Wing considered separately was 15 years, and its residual value was expected to be $45,500. The accounting period ends 31 December. Required: 1. Give all required entrles to record: a. Sale of the equipment, Including depreclation to the date of sale. b. The addition to the bullding-cash was pald. c. Depreclation on the building and its addition after the latter has been in use for one year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.) 2. Complete the part of the balance sheet given below showing how the bullding and attached wing would be reported