Recording Error Corrections Related to Equipment On April 1, 2021, the following 2020 errors were discovered after the 2020 financial statements were issued. a. Equipment purchased on January 1, 2020, with a cost of $60,000, salvage value of $3,600, and useful life of 8 years was incorrectly expensed as maintenance cost. The company uses the straight-line method to depreciate all equipment. b. In 2020, fully depreciated equipment with an original cost of $75,000 and no salvage value was sold for $6,000. The company's entry for the sale was a debit to Cash for $6,000 and a credit to Equipment for $6,000. c. Equipment purchased on June 30, 2020, with a cost of $195,000, salvage value of $13,500 and a useful life of 8 years was incorrectly entered into the depreciation system as having a useful life of 18 years. Required Prepare entries to correct each of the errors a, b, and discovered in 2021. Ignore income taxes. Note: Round answers to the nearest whole dollar. Note: Record your credit accounts in alphabetical order using the first letter of the account name. Date Account Name Dr. Cr. Jan. 1, 2021 b. Date Account Name Dr. Cr. Jan. 1, 2021 e Account Name Dr. Cr. Date Jan. 1, 2021