please help with explanation

bl. Assuming that the equipment was sold on July 1, 2078, for $236,500, illustrate the effects on the accounts and financial statement of depreciation for the six months unta the sale date. Balance Sheet Statement of Assets Liabities Stockholders' Equity Income Statement Cash Flows Accumulated depreciation equipment No effect No effect + Retained earnings July 1 -83,896 x Statement of Cash Flows Income Statement No effect Depreciation expense b2. Assuming that the equipment was sold on July 1, 208, for $236,500, illustrate the effects on the accounts and financial statement of the sale of the equipment. Balance Sheet Incom Statement of Cash Flows Assets Liabilities Stockholders' Equity Statem July 1. Statement of Cash Flows Income Statement Investing Loss on disposal of Red Assets eBook Calculator Print Item Sale of Asset Equipment acquired on January 9, 2013, at a cost of $473,000, has an estimated useful life of 16 years, an estimated residual value of $66,220, and is depreciated by the straight-line method. a. What was the book value of the equipment at the end of the fifth year, December 31, 2017? Round your interim calculations and final answer to the nearest dollar 345,880 For decreases in accounts or outflows of cash, enter your answers as negative numbers. Round annual depreciation to the nearest dollar and use this amount in your follow-on calculations. If no account or activity is affected, select "No effect from the dropdown and leave the corresponding number entry box blank bi. Assuming that the equipment was sold on July 1, 2018, for $236,500, illustrate the effects on the accounts and financial statement of depreciation for the six months until the sale date Balance Sheet Statement of Cash Flows Assets Lities + Stockholders' Equity Income Statement Accumulated depreciation equipment No oltect & + No etrect v July 1 -83,896 x Income Statement Statement of Cash Flows Depreciation expense No affect 12. Assuming that the equipment was sold on July 1, 2018, for $236,500, illustrate the effects on the accounts and financial statement of the sale of the equipment