Sale of Asset Equipment acquired on January 3, 20Y3, at a cost of $415,000, has an estimated useful life of 15 years, has an estimated residual value of $32,500, and is depreciated by the straight-line method. A. What was the book value of the equipment at December 31, 20Y6, the end of the year? For decreases is accounts or outflows of cash enter your answers as negative numbers. If no account or activity is affected, select "No effect" from the dropdown and leave the corresponding number entry box blank. b1. Assuring that the equipment was sold on July 1, 20Y7, for $ 205,000 illustrate the effects on the accounts and financial statement of depreciation for the six months until the sale date