Question 21 11 pts Riley Corp. acquired equipment on Jan. 2. Year 1. at a cost of $570,000 with an estimated useful life of twelve years and an estimated resdal value of $49.500. Please be sure to label each section of your answer below. Required: What is the annual amount of depreciation for each of the first three years, assuming the straight-line method of depreciation is used? Please show your calculations What is the book value of the e merton January 1, Please show your calculate A m ing that the equipment is sold on January 2. rar, for $420.500.journalize the entry to record the sale unor A n g dan the equipment is dan muay tearst 495.000 -20.300 puze the entry to record