Mercury Inc. purchased equipment in 2016 at a cost of $143,000. The equipment was expected to produce 370,000 units over the next five years and have a residual value of $32,000. The equipment was sold for $71,900 part way through 2018. Actual production in each year was: 2016 52,000 units; 2017 - 83,000 units; 2018 42,000 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 $108,900, prepare the journal entry to record the sale