Sale of Asset Equipment acquired on January 9, 2011, at a cost of $615,000, has an estimated useful ife of 19 years, an estimated residual value of $73,800, and is depreciated by the straight-line method a. What was the book value of the equipment at the end of the finth year, December 31, 20477 Round your interim calculations and final answer to the nearest dollar 472,580 Enter account decreases, cash outflows, and the income statement effects that decrease net income as negative amounts. However, for contra asset accounts, enter account increases as a negative value. 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 bi. Assuming that the equipment was sold on July 1, 2018, for $307,500, estrate the effects on the accounts and financial statement of depreciation for the x months until the sale date Financial Statement Effects Balance Sheet Assets Liabilities Stockholders' Equity Equipment Accumulated depreciation equipment July 1. Statement of Cash Flows Income Statement Investing b2. Assuming that the equipment was sold on July 1, 2045, for $307,500, illustrate the effects on the accounts and financial statement of the sale of the equipment Financial Statement Effects Balance Sheet Assets Liabilities Stockholders' Equity July 1 Statement of Cash Flows Income Statement