Mercury Inc. purchased equipment in 2016 at a cost of $212,000. The equipment was expected to produce 460,000 units over the next five years and have a residual value of $28,000. The equipment was sold for $115,600 part way through 2018. Actual production in each year was: 2016 = 65,000 units 2017 = 104,000 units 2018 = 52,000 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 $143,600, prepare the journal entry to record the sale.