Sale of Asset Equipment acquired on January 3, 20Y3, at a cost of $61 000, has an estimated useful life of 19 years, has an estimated residual value of $134,420, 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 in accounts or outflows of cash, enter your answers as negative numbers. Round annual depreciation to the nearest dollar and use this amount in your follow-on calculations. If no account or activity is affected, select "No effect" from the dropdown and leave the corresponding number entry box blank. b1. Assuming that the equipment was sold on July 1, 20Y7, for $274,950, illustrate the effects on the accounts and financial statement of depreciation for the six months until the sale date. Balance Sheet Statement of Income Cash Flows Statement Liabilities Stockholders' Equity Assets Select Select Select Select July 1. July 1 Statement of Cash Flows ncome Statement Select Select b2. Assuming that the equipment was sold on July 1, 20Y7, for $274,950, illustrate the effects on the accounts and financial statement of the sale of the equipment. Statement of Balance Sheet Cash Flows Statement Liabilities Stockholders' Equity a Select Select Select Select Select July 1 July 1. Statement of Cash Flows Income Statement Select Select