Mercury Inc. purchased equipment in 2016 at a cost of $313,000. The equipment was expected to produce 310,000 units over the next five years and have a residual value of $34,000. The equipment was sold for $167,900 part way through 2018. Actual production in each year was: 201644,000 units; 2017-70,000 units: 2018 = 35,000 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 $181.900, prepare the journal entry to record the sale