The following three accounts appear in the general ledger of Waterway Corp. during 2022. Equipment Date: Debit Credit Balance Jan. 1 Balance 159,300 July 31 Purchase of equipment 69,900 229,200 Sept. 2 Purchase of equipment 52,500 281,700 Nov. 10 Cost of equipment sold 49,000 232,700 Accumulated Depreciation-Equipment Date Debit Credit Balance Jan. 1 Balance 69.700 Nov. 10 Accumulated depreciation on equipment sold 17,300 52,400 Dec. 31 Depreciation for year 24,900. 77,300 Date Jan. 1 Balance Retained Earnings Debit Credit Balance 105,600