Riley Corp. acquired equipment on January 2, Year 1, at a cost of $570,000 with an estimated useful life of twelve years and an estimated residual value of $49,500. Please be sure to label each section of your answer below. Required:

(a)	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 calculation(s).
(b)	What is the book value of the equipment on January 1, Year 4? Please show your calculation.
(c)	Assuming that the equipment is sold on January 2, Year 4, for $426,500, journalize the entry to record the sale.
(d)	Assuming that the equipment is sold on January 2, Year 4, for $495,000 (instead of $426,500), journalize the entry to record the sale.