Sandhill uses the diminishing balance method at one times the straight-line depreriation rate Sandhill timited purchased delivery equipment on March 1, 2019, for $117,500cash, At that time, the equipment wes estimated to have a useful life ol fre gears and a residual value of $9.560. The equipment was disposed of on Novenber 30.2021 . Sindhill ises the diminishing balance method at one. times the straight-line depreclition rate, has an August 31 year end, and makes adjusting entries annually. (a) Record the acquisition of equipment on March 1, 2019. List ail debit entries before credit entries Credfit acosunt titier are futomaticolly indented when the amount is entered Do not indent manuplly If no entry is required, seloct "No Ertoy" for the dackunt plities and enter of for the amounts)