Shown below are the T-accounts relating to equlpment that was purchased for cash by a company on the first day of the current year. The equipment was depreclated on a stralght-line basis with an estimated usefullife af 10 years and a salvage value of $330. Part of the equipment was sold on the last day of the current year for cash proceeds. Prepare the journl entries to record purchave of equipment on Jamary 1 . Orenfit account tities are outomaticaly indented when the onount is miteret Do not indent manuoly. W no mitry it revulred, select "Wo Entry" for the occount titles and enter O for the amounts.) What was the caah paid