Question 5 of 7 3.67/5 E View Policies Show Attimot History Current Attempt in Progress On July 1, 2019, Sunland Company purchased new equiment for $80,000. Its estimated life was years with a $20,000 Salvage value on December 31, 2022, the company estimated that the equipment's remainingseife was 10 years with a revised salvace value of $5.000 a) Your anweis correct Prepare the journal entry to record depreciation on December 31, 2019 Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Account Titles and Explanation Debit Credit Deprecatione 3750 Accuftod Depreciation foment 3750 Textbook and Media List of Accounts 7 2 3 4 5 6 7 W E R T C A S D F G H 3 N X C B N 1 option command 3.67/5 Question 5 of 7 (d) Your awer analyenrrect Prepare the matentry to record depreciation on December 31, 2022. edit accounties are automatically indented when amount intend to notice in the entry red,elect "No Entry for the account titles and enter for the amounts Account Titles and Explanation Debit Credit Deprecatione 1000 Armand Deoretan Bome Textbook and Media Ust of Accounts Attempts 4 of 10 used Submit Question Part Score 0.67/1 The partiet must be in order. This port will be able when you completed the part above 2 3 6 Q E R T Y C A S F G H K N C V B N 3 1 option command