Q3 Beka Company owns equipment that cost $50,000 when purchased on January 1, 2007. It has been depreciated using the straight-line method based on estimated salvage value of $5,000 and an estimated useful life of 5 years. I Instructions Prepare Beka Company's journal entries to record the sale of the equipment in these four independent situations. (Show your working for the estimation of loss or gain) (a) Sold for $28,000 on January 1, 2010. (1.5 marks) (b) Sold for $28,000 on May 1, 2010. (1.5 marks) (c) Sold for $11,000 on January 1, 2010. (1.5 marks) (d) Sold for $11,000 on October 1, 2010. (1.5 marks)