need assistance with part B thank you so much (chapter 6 #5)

Problem 6-27A (Algo) Computing and recording units-of-production depreciation LO 6-4, 6-5 Sabel Co purchased assembly equipment for $851,000 on January 1, Year 1. The equipment is expected to have a useful life of 370,000 miles and a salvage value of $37,000. Actual mileage was as follows: Year 1 Year 2 Year 3 Year 4 Year 5 103,000 98,000 89,000 55,000 27,000 Required a. Compute the depreciation for each of the five years, assuming the use of units-of-production depreciation. b. Assume that Sabel earns $247,000 of cash revenue during Year 1. Record the purchase of the equipment and the recognition of revenue and the depreciation expense for the first year in the following financial statements model c. Assume that Sabel sold the equipment at the end of the fifth year for $39,300. Calculate the amount of gain or loss on the sale. Net Income Cash Flow Event SABEL CO. Horizontal Statements Model for Yoar 1 Balance Sheet Income Statement Assets Stockholders' Equity Revenue Expense Book Value of Common Retained Cash Equipment Stock Earnings 970,000 970,000 (851,000) 851,000 247.000 247,000 (226,600) 366.000 624,400 970,000 247,000 # (851,000) IA Balanco Equipment Revenue Depreciation Balance . 0 (851,000)