Sabel Co. purchased assembly equipment for $594,000 on January 1, 2018. Sabel's financial condition immediately prior to the purchase is shown in the following horizontal statements model. The equipment is expected to have a useful life of 220,000 miles and a salvage value of $22,000. Actual mileage was as follows: 2018 2019 2020 2021 2022 58,000 63,000 44,000 38,000 12,000 Required a. Compute the depreciation for each of the five years, assuming the use of units-of-production depreciation. b. Assume that Sabel earns $232,000 of cash revenue during 2018. Record the purchase of the equipment and the recognition of the revenue and the depreciation expense for the first year in a financial statements model like the preceding one. The first event is recorded as an example. c. Assume that Sabel sold the equipment at the end of the fifth year for $22,800. Calculate the amount of gain or loss on the sale