QUESTION 26 135 Pryce Company owns equipment that cost $62,500 when purchased on January 1, 2019 s has been depreciated using the straight-line metod based based on an edge of $5.00 estimated useful life of 5 years. The Company has decided to dispose of the equipment on January 1, 2022 when the Accumulates Depreciation was $34,500 INSTRUCTIONS: Prepare the necessary journal entries in good form to record the disposal of the equipment in these three INDEPENDENT situations Indicate the journal entry with the appropriate letter. a) Discarded the equipment on January 1, 2022. b) Sold the equipment for $29,500 on January 1, 2022. e) Sold for $10,400 on January 1, 2022. For the toolbar, press ALT+F10 (PC) or ALT+FN-F10 (Mac) BIUS Paragraph Arial 10pt 2 I.