On December 31, 2014 GHI Company purchased equipment worth $240,000. The equipment has a useful life of six years and no residual value. Depreciation is recorded beginning the month after acquisition and will be recorded up until the month of disposal. The company uses the straight-line method of depreciation Required a) Given that the company's year end is December 31, complete the following table, Do not enter dollar signs on.commas in the input boxes Round all dollar tigue answers to the nearest whole number Year Cost of Long Term Asset Depreciation Expanse Accumulated Depreciation Net Book Value 2015 $240.000 2016 5240,000 $ 2017 5240,000 5 2010 $240.000 $ 2019 $240.000 5 2020 5200 000 $ b} On June 30, 2020, GHI Company sold the equipment for $7.000 Prepare the journal entry to record the depreciation on the disposal and the sale. You will need to recalculate the depreciation expense for 2020 from part aj to account for the sale part way through the year. Enter all debit accounts in alphabetical order Date Account Title and Explanation Debit Credit Jun 30 Depreciation Expense Accumulated Depreciation To update depreciation before disposal Jun 30 Accumulated Depreciation Cash Loss on Disposal of Asset Equipment To record the sale of equipment