The following three accounts appear in the general ledger of Ivanhoe Company during 2017 Equipment Date Debit an. 1 ace uly 31 Purchase of equipment Sept. 2 Cost of equipment constructed Nov 10 Credit Balance 234,240 336,720 414,312 71,736 342,576 102,480 77,592 Cost of equipment sold Accumulated Depreciation-Equipment Date an. 1 ace Nov 10 Dec. 31 Depreciation for year Debit Credit Balance 103,944 80,520 40,992 121,512 Accumulated depreciation on equipment sold23,424 Retained Earnings Date an. 1 ace Aug Debit Credit Balance 153,720 133,224 105,408 238,632 Dividends (cash) 20,496 23 Dec. 31 Net income