Question 1: (12 marks) Part A: Lambton Company purchased equipment in 2021 for $75,000 and estimated an $3,000 residual value at the end of the equipment's B-year useful life. At December 31, 2027, there was $63,000 in the Accumulated Depreciation account for this equipment using the straight-line method of depreciation. On March 31, 2028, the equipment was sold for $18,000. Required Part A: a) Prepare the appropriate joumal entries to update depreciation and then to remove the equipment from the books of Lambton Company on March 31, 2028. Part B: Gananoque Company sold a delivery truck for $17,500. The delivery truck originally cost $28,500 in 2021 and $4,000 was spent on a major overhaul in 2027 (charged to Delivery Truck account), Accumulated Depreciation on the delivery truck to the date of disposal was $15,000 Required Part B: Prepare the appropriate journal entry to record the disposition of the delivery truck. Part C: Marner Wholesalers sold office equipment that had a net book value of $7,450 for $10,000. The office equipment originally cost $19,450 and it is estimated that it would cost $23,000 to replace the office equipment. Required Part : Prepare the appropriate journal entry to record the disposition of the office equipment