Please answer part c or #3

Depreciation expense 20Y1 20Y2 20Y3 b. What was the book value of the equipment on January 1, 20Y4? c. Assuroing tbat the equipment was sold on January 7, 20Y4, for $185,000, illustrate the effects on the accounts and financial statements of the sale. Balance Sheet Stockholder Assets = Liabilities State s Equity Income Stateme nt ment Accumul of Cash FlowsCash+ ated Equipme depreciat No Retained effect ion- equipme nt nt earnings an. 7 Statement of Income Statement Cash Flows Loss on disposal of fixed assets Invest ing Depreciation expense 20Y1 20Y2 20Y3 b. What was the book value of the equipment on January 1, 20Y4? c. Assuroing tbat the equipment was sold on January 7, 20Y4, for $185,000, illustrate the effects on the accounts and financial statements of the sale. Balance Sheet Stockholder Assets = Liabilities State s Equity Income Stateme nt ment Accumul of Cash FlowsCash+ ated Equipme depreciat No Retained effect ion- equipme nt nt earnings an. 7 Statement of Income Statement Cash Flows Loss on disposal of fixed assets Invest ing