The following information applies to the questions displayed below The balance sheets of Tully Corp. showed the following at December 31, 2017, and 2016: December 31, 2017 December 31, 2016 Equipment, less accumulated depreciation of $82,400 at December 31, 2017 and $51,500 at December 31, 2016. $66,000 $ 96,900 value: Required informa 0.00 points Assume the same facts as in part a, and assume that the estimated useful life of the equipment is four years and the estimated salvage value is $24,800 b-1. What was the original cost of the equipment? l cost 2 Assume that the equipment is sold on December 31, 2017 required" in the first account field.) or$55,200. Record the ouma entry or sale of the equipment. lf no entry is required for a transaction event, select No ournal entry View transaction list Journal entry worksheet Record the sale of the equipment. Note: Enter debits before credits. Debit Credit Event General Journal Record entry Clear entry View general journal