Mercury Inc. purchased equipment in 2016 at a cost of $354,000. The equipment was expected to produce 440,000 units over the next five years and have a residual value of $46,000. The equipment was sold for $203,100 part way through 2018. Actual production in each year was: 2016 = 61,000 units 2017 = 97,000 units 2018 = 49,000 units. Mercury uses units-of-production depreciation, and all depreciation has been recorded through the disposal date. Required: 1. Prepare the journal entry to record the sale. 2. Assuming that the equipment was sold for $222,100, prepare the journal entry to record the sale.