Sanders Company purchased the following on January 1, 2019: Office equipment at a cost of $53.000 with an estimated useful life to the company of three years and a residual value of $15,900. The company uses the double-declining-balance method of depreciation for the equipment - Factory equipment at an invoice price of $805,800 plus shipping costs of $23.000. The equipment has an estimated useful life of 112.000 hours and no residual value. The company uses the units-of-production method of depreciation for the equipment . A patent at a cost of $299,000 with an estimated useful life of 13 years. The company uses the straight-line method of amortization for Intangible assets with no residual value. The company's year ends on December 31. Required: 1-a. Prepare a partial depreciation schedule of office equipment for 2019,2020 and 2021 1-6. Prepare a partial depreciation schedule of factory equipment. The company used the equipment for 8.100 hours in 2019.9.300 hours in 2020, and 9,000 hours in 2021. 2 On January 1, 2022. Sanders altered its corporate strategy dramatically. The company sold the factory equipment for $710,780 In cash. Record the entry related to the sale of the factory equipment. 3. On January 1, 2022. when the company changed its corporate strategy, its patent had estimated future cash flows of $197.000 and a fair value of $176,000. What would the company report on the income statement account and amount) regarding the patent on January 1, 2022? Complete this question by entering your answers in the tabs below. Req la Reg 1b Reg 2 Req3 Prepare a partial depreciation schedule of office equipment for 2019, 2020, and 2021. (Do not round intermediate calculations.) Year Depreciation Expense Accumulated Depreciation Net Book Value 2019 2020 2021 Reg 1a Reg 1b Req 2 Reg 3 Prepare a partial depreciation schedule of factory equipment. The company used the equipment for 8,100 hours in 2019, 9,300 hours in 2020, and 9,000 hours in 2021. (Do not round intermediate calculations.) Depreciation Year Accumulated Net Book Expense Depreciation Value 2019 2020 2021 Regia Reg 1b Reg 2 Reg 3 a On January 1, 2022, Sanders altered its corporate strategy dramatically. The company sold the factory equipment for $710,780 in cash. Record the entry related to the sale of the factory equipment. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction et Journal entry worksheet