Required information The following information applies to the questions displayed below) Complete the requirements for each of the following independent cases: Sanders Company purchased the following on January 1, 2019: Omice equipment at a cost of $41,000 with an estimated useful life to the company of three years and a residual value of $12,300 The company uses the double declining-balance method of depreciation for the equipment Factory equipment at an invoice price of $776,200 plus shipping costs of $23,000. The equipment has an estimated useful life of 108,000 hours and no residual value. The company uses the units-of-production method of depreciation for the equipment A patent at a cost of $352,000 with an estimated useful life of 11 years. The company uses the straight-line method of amortization for Intangible assets with no residual Value The company's year ends on December 31 Required: 1-a. Prepare a partial depreciation schedule of office equipment for 2019, 2020 and 2021 1-b. Prepare a partial depreciation schedule of factory equipment. The company used the equipment for 8,400 hours in 2019, 9,600 hours in 2020, and 9,300 hours in 2021 2. On January 1 2022, Sanders altered its corporate strategy dramatically. The company sold the factory equipment for $674,820 in cash. Record the entry related to the sale of the factory oquipment 3. On January 1, 2022, when the company changed its corporate strategy, its patent had estimated future cash flows of $224,000 and a fair value of $204,000. What would the company report on the income statement account and amount regarding the patent on January 1, 2022? Complete this question by entering your answers in the tabs below. Reg 10 Ile 2 Red Prepare a partial depreciation schedule of otce equipment for 2019, 2020, and 2021. (Do not round intermediate calculation) Year Aulated Depreciation Natio 2010 3021 Reg1b>