On January 1, 2016, Sandhill Corporation acquired equipment costing $85,440. It was estimated at that time that the equipment would have a useful life of eight years and no residual value. The company uses the straight-line method of depreciation for its equipment, and its year end is December 31. Calculate the equipment's accumulated depreciation and carrying amount at the beginning of 2018. Equipment's accumulated depreciation $ Carrying amount $ e Textbook and Media What is the amount of the gain or loss that would arise when a quarter of the equipment was sold on January 1, 2018, for cash proceeds of $16,520? from sale of equipment $ What is the depreciation expense for January 1, 2018, to October 31, 2018, for the remaining equipment? Depreciation expense $ e Textbook and Media On November 1, 2018, the company purchased additional equipment for $10,800 that also had a useful life of eight years and no residual value. What is the depreciation for the two months ending December 31, 2018? Total depreciation for 2 months $ e Textbook and Media On December 31, 2018, the company sold some equipment for a loss of $2,720. After recording the sale, the balances in the Equipment account and Accumulated Depreciation account were $63,120 and $17,885, respectively. Based on this information, what were the proceeds received when this equipment was sold? Cash proceeds from sale $