the following problem using the attached lined paper. Show your calculations. Blank forms are attached if you wish to use them. The Bridgeport Corporation purchased equipment on May 1, 2019, with $350,800 cash. On that date, Bridgeport paid $12,200 to install the new system and $4,500 to repair the flooring damaged during the installation. The equipment has an estimated a $15,000 residual value at the end of the equipment's 12-year useful life. The company has a fiscal year end of November 30 and uses the double-diminishing balance method to expense all its equipment. The equipment is sold on March 1, 2021, for $90,300 cash. Calculate to the nearest dollar. Show all your calculations. Instructions a) Prepare the journal entries to record the purchase of the equipment and its depreciation for 2019 and 2020. b) Show the presentation of the equipment in the balance sheet on November 30, 2020. c) Prepare the 2021 journal entry(s) to record the sale of the equipment