PROVIDE FORMULAS FOR EACH CELL!!!

Christiansted Incorporated purchased equipment in 2021 at a cost of $800,000. The equipment was expected to produce 350,0000 units over the next six years and have a residual value of $100,000. The equipment was sold for $255,750 part way through 2023. Actual production in each year is presented below. Christiansted uses units-of-production depreciation, and no depreciation has been recorded through the disposal date. 5. Assume, instead, the equipment is sold for $286,000. Calculate the gain or loss on the sale. 6. Prepare the journal entry to record the sale in requirement 5 . Debits must be recorded before credits