Mercury Inc. purchased equipment in 2016 at a cost of $340,000. The equipment was expected to produce 440,000 units over the next five years and have a residual value of $32000. The equipment was sold for $170,900 part way through 2018 Actual production in each year was: 2016-63,000 unts; 2017-100,000 unts: 2018 50000 units Mercury uses units ofl 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 $201,900, prepare the journal entry to record the sale Complete this question by entering your answers in the tabs below. Required Required 2 Prepare the journal entry to record the sale. (If no entry is required for a traneaction/event, select No journal entry required" in the first account field)