On January 1, 2017, Tadlock Inc. purchased equipment for $200,000. The company paid $1,500 for freight and insurance during shipment. Costs of installation were $6,500. Tadlock paid cash for all of these items. The equipment has an estimated useful life of 10 years and an $8,000 salvage value. The company uses double-declining balance depreciation method. On July 1, 2020, Tadlock sold the equipment with a fair market value of $180,000 and received a 3 year zero-interest bearing $188,000 note receivable. a.) Provide the journal entry to record the purchase of the equipment. b.) Provide the journal entry to record depreciation expense for 2017. c.) Calculate the gain/loss from the sale of the asset. d.) Provide the journal entry to record the sale of the equipment