2. Using the equipment purchased in problem #1 above, and assuming the company uses Straight-line (S/L) depreciation only, please prepare entries for the following disposal transactions. (good idea to show your work) a) Junked on 1/1/8 b) Sold on 1/1/9 for 13,000 c) Sold on 1/1/9 for 5,500 d) Traded in on 1/1/10. List price of new equipment is $45,000 Assume the following 2 cases for trade in 1) Trade in Allowance (TIA) - 8,000 2) Trade In Allowance (TIA) - 2,500 2. Using the equipment purchased in problem #1 above, and assuming the company uses Straight-line (S/L) depreciation only, please prepare entries for the following disposal transactions. (good idea to show your work) a) Junked on 1/1/8 b) Sold on 1/1/9 for 13,000 c) Sold on 1/1/9 for 5,500 d) Traded in on 1/1/10. List price of new equipment is $45,000 Assume the following 2 cases for trade in 1) Trade in Allowance (TIA) - 8,000 2) Trade In Allowance (TIA) - 2,500