Parts 1 & 2 Please use excel, thank you

On January 1, Year 1, a company purchased equipment. The details of the equipment purchase are below. Required: 1. Based on the Information above, calculate Depreciation Expense, Accumulated Depreciation and Book Value of the equipment using the Straight-Line method for years 1-3, 2. Assume that the equipment is sold at the end of year 3 for the sale amount in cell B9. (a) Calculate the Gain or Loss on sale. (b) Prepare the journal entry to record sale of the asset. 3. Assume that the equipment is soid at the end of yeer 3 for the sale amount in cell B10. (a) Calculate the Gain or Loss on sale. (b) Prepare the journal entry to record sale of the asset. 4. Assume that the equipment is retired at the end of year 3 (zero proceeds, given in cell B11). (o) Calculate the Guin or Loss on retirement. (b) Prepare the journal entry to record retirement of the asset. 1. Use the Open Excel in New Tab button to lounch this quention. 2. When finishod in Excel, use the Save and Return to Assignment button in the lowor light to return to Connect