Sabel Company purchased assembly equipment for $546,000 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 210,000 machine hours and a salvage value of $21,000. Actual machine-hour use was as follows.

Year 1	57,000
Year 2	72,000
Year 3	43,000
Year 4	37,000
Year 5	11,000

Required

Compute the depreciation for each of the five years, assuming the use of units-of-production depreciation.

Assume that Sabel earns $231,000 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.

Assume that Sabel sold the equipment at the end of the fifth year for $21,700. Record the general journal entry for the sale.