Sandhill Co, paid $11.200 to purchase equipment on January 1, 2021. Sandhill Co has a December 31 fiscal year end and uses straight-line depreciation. The company estimates the equipment will have a 4-year useful life Prepare the journal entry to record the purchase of the equipment on January 1, 2021. (Credit account titles are automatically Indented when amount is entered. Do not Indent manually. If no entry is required. Select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Jan 1/21 Attempts: 0 of 1 used Suve for Latur