On January 1, 2020, a machine was installed at Garrity Facory at a cost of $58,000 with a salvage value of $16,000 and an estimated useful life of 4 years. Garrity uses straight line depreciation. Requirements 0 1. Prepare a depreciation schedule for Garrity Factory. 00 200 000 2. Record depreciation expense for 2020. 3. The machine was sold on December 31, 2021 for $40,000. Record the sale of the equipment