Question 1 Swifty Company owns equipment that cost 57,150 when purchased on January 1, 2014. It has been depreciated using the straight-line method based on an estimated residual value of 9,000 and an estimated useful life of 5 years. Prepare Swifty Company's journal entries to record the sale of the equipment in these four independent situations. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places e.g. 125. Round intermediate calculations to 2 decimal places, e.g. 15.64.) (a) (b) (C) (d) Sold for 31,690 on January 1, 2017. Sold for 31,690 on May 1, 2017. Sold for 10,410 on January 1, 2017. Sold for 10,410 on October 1, 2017. No. Account Titles and Explanation Debit Credit (a) (b) (To record depreciation)