Sale of equipmentEquipment was acquired at the beginning of the year at a cost of $$800,000.$ The equipment was depreciated using the double$-$declining$-$balance method based on an estimated useful life of $10$ years and an estimated residual value of $$60,000.$ a$.$ What was the depreciation for the first year? b$.$ Assuming the equipment was sold at the end of the second year for $$650,000,$ determine the gain or loss on the sale of the equipment. c$.$ Journalize the entry on December $31$ to record the sale. If an amount box does not require an entry, leave it blank.