Sabel Co. purchased assembly equipment for $741,000 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 390,000 miles and a salvage value of $39,000. Actual mileage was as follows: 2018 75, 000 2019 80,000 2020 61,000 2021 55, 000 2022 29,000 Required a. Compute the depreciation for each of the five years, assuming the use of units-of-production depreciation. . Assume that Sabel earns $249,000 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 $41,500. Calculate the amount of gain or loss on the sale Complete this question by entering your answers in the tabs below Required ARequired B Required C Assume that Sabel earns $249,000 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. (In the Cash Flow column, use the initials OA to designate operating activity IA for investing activity, FA for financing activity, NC for net change in cash and leave the cell blank to indicate the element is not affected by the event. Enter any decreases to account balances with a minus sign.) Show less SABEL CO Horizontal Statements Model for 2018 Balance Sheet Income Statement Net Income Assets Stockholders' Equity Revenue Expense Cash Flow Cash Book Value of Common Equipement Event Stock +Retained Earnings Balance Equipment Revenue Depreciation Balance 990,000+ 990,000+ 990,000+ 990,000 Required A Required B RequiredC Assume that Sabel sold the equipment at the end of the fifth year for $41,500. Calculate the amount of gain or loss on the sale K Required B RequiredC