Sabel Company purchased assembly equipment for $364,000 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 280,000 machine hours and a salvage value of $28,000. Actual machine-hour use was as follows. Required a. Compute the depreciation for each of the five years, assuming the use of units-of-production depreciation. b. Assume that Sabel earns $238,000 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 $29,400. Record the general journal entry for the sale. Complete this question by entering your answers in the tabs below. Compute the depreciation for each of the five years, assuming the use of units-of-production depreciation. Assume that Sabel earns $238,000 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 Statement of Cash Flows column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, NC for net change, or leave blank for not affected. Leave blank to indicate that an element is not affected by the event. Enter any decreases to account balances and cash outflows with a minus sign.) Complete this question by entering your answers in the tabs below. Assume that Sabel sold the equipment at the end of the fifth year for $29,400. Record the general journal entry for the sale. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record entry for sale of equipment at the end of fifth year. Note: Enter debits before credits