Sabel Co. purchased assembly equipment for $875,000 on January 1, Year 1. Sabel's financial condition immediately prior to the purchase is shown in Required B. The equipment is expected to have a useful life of 350,000 machine hours and a salvage value of $35,000. Actual machine-hour use was as follows: Year 1 Year 2 Year 3 Year 4 Year 5 91,000 96,000 89,000 51,000 25,000 Required a. Compute the depreciation for each of the five years, assuming the use of units-of-production depreciation. b. Assume that Sabel earns $245,000 of cash revenue during Year 1. Record the purchase of the equipment and the recognition of the revenue and the depreciation expense for the first year in a horizontal statements model. c. Assume that Sabel sold the equipment at the end of the fifth year for $37,100. Calculate the amount of gain or loss on the sale of equipment Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the depreciation for each of the five years, assuming the use of units-of-production depreciation. (Do not round intermediate calculations.) Depreciation Years Year 1 Year 2 Year 3 Year 4 Year 5 Complete this question by entering your answers in the tabs below. Required A Required B Required Assume that Sabel earns $245,000 of cash revenue during Year 1. Record the purchase of the equipment and the recognition of the revenue and the depreciation expense for the first year in a horizontal statements model. (in the Cash Flow column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change in cash. Enter any decreases to account balances with a minus sign. Not all cells in the "Cash Flow" column may require an input - leave cells blank if there is no corresponding input needed.) Show less SABEL CO. Horizontal Statements Model for Year 1 Income Statement - Expense = Net Income Revenue Cash Flow Event Balance Sheet Assets Stockholders' Equity Cash Book Value of - Retained Common + Casn Equipment Earnings 950.000 + 950,000+ Event Balance Equipement Revenue Depreciation Balance Complete this question by entering your answers in the tabs below. Required A Required B Required C Assume that Sabel sold the equipment at the end of the fifth year for $37,100. Calculate the amount of gain or loss on the sale of equipment.