Page One Company purchases equipment on December 31, 2020 for $300,000 and estimated a $30,000 salvage value at the end of the equipment's 5-year useful life. Complete the following depreciation table with all necessary descriptions: Double-Declining Balance Method Cost $ (b) (8) The company is using the straight-line method to calculate depreciation for equipment. On January 1, 2023 Page One Company sold the above equipment for $7,500. Required: Prepare the journal entries required to record the above sale on January 1, 2023. Date Account DR $ CR $