The property, plant, and equipment section of the Jasper Company's December 31, 2020, balance sheet contained the following $118,000 Property, plant, and equipment: Land Building Less: Accumulated depreciation Equipment Less: Accumulated depreciation Total property, plant, and equipment $ 798,000 (190,000) 174,450 688,000 The land and building were purchased at the beginning of 2016. Straight-line depreciation is used and a residual value of $38.000 for the building is anticipated The equipment is comprised of the following three machines: Machine 102 Cost $ 67,888 78,200 28,450 Residual Value $ 6,800 Date Acquired 1/1/2018 6/30/2019 9/1/2020 Life (in Years) le B 9 58 7. Bee 183 2,800 The straight-line method is used to determine depreciation on the equipment On March 31, 2021, Machine 102 was sold for $51,500 Earty in 2021, the useful life of machine 101 was revised to seven years in total, and the residual value was revised to zero. Required: 1. Calculate the accumulated depreciation on the equipment at December 31, 2020 2. Prepare the journal entry to record 2021 depreciation on machine 102 up to the date of sale. 3. Calculate the gain or loss on the sale of machine 102 4. Prepare the journal entry for the sale of machine 102. 5. Prepare the 2021 year-end journal entries to record depreciation on the building and remaining equipment Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Calculate the accumulated depreciation on the equipment at December 31, 2020, Accumulated deprecation Journal entry worksheet Gain on sale of machine 102 Loss on sale of machine 102 To record sale of equipment. Note: Enter debits before credits Date General Journal Debit Credit March 31, 2021 Record entry Clear entry View general Journal Journal entry worksheet