Q2 Partially correct Mark 3500 out of 47.00 Pfle question Take me to the text Restaurant La Jolie Vache purchased equipment on January 1, 2018 for $70,000. The asset is expected to last for four years, at which time the estimated residual value will be $10,000. Required a) Prepare a table showing the amount of depreciation expense each year, accumulated depreciation to date and net book value. Restaurant La Jolie Vache uses straight-line depreciation Do not enter dollar.signs.or.commas in the input boxes Round all dollar figure answers to the nearest whole number Year Cost of Long-Term Asset Depreciation Expense Accumulated Depreciation to Date Net Book Value 2018 2019 2020 2021 $70,000 $15000 $70,000 $15000 $70,000 $15000 $70,000 $15000 $15000 $30000 $45000 $60000 55000 $40000 $25000 10000 b) The asset was sold for $12,000 on January 1, 2022. Prepare the journal entry to record the sale. Enter all debit accounts in alphabetical order Enter all credit accounts in alphabetical order Date Account Title and Explanation Debit Credit Jan 1 Accumulated Depreciation 60000 Cash 12000 Quiz navig Activate W