What have I done wrong here?

Entries for sale of fixed asset First Question Journal Instructions coumulated Depreciation-Equipment 243000 Equipment acquired on January 8 at a cost of $144,830, has an estimated useful life of 14 years, has an estmated residual value of $8,850, and is depreclated by the straight-line method. Points:515 A. What was the book value of the equipment at December 31 the end of the fourth year? B. Assuning that the oquipment was sald on Aprnil 1 of the fith year for $98,290, jouwmaize the 2. The sale of tne equipment entries to recond (1) deprecianion for the three months uwnti the sale date, and (2) the sale of the equipment. Refer to the Chart of Accounts for exact wording of account nles. PAGE 2 Score: 42149 ACCOUNTING EQUATION JOURNAL DATE DESCRIPTION DEBIT CREDIT ASSETS LIABILITIEEQUITY 1 Apt cash 58,290 Ascumulaned Deprecizion Equipmem Loss on Sale of Equipeenm Equipment Points:7.71/9 Check My Work 1. The depreciation account of the foxed asset being sold or discarded needs to be updated to reflect the months of use in the year it is being discarded or sold. The straight-line method of depreclation calculates the amount of depreciation to be recognized each year 2. Be sure to rooord the seling price of the food assot. tf the company no longer has the fod asset what ncoount(s) First Question A. What was the book value of the equipment at December 31 the end of the fourth year? $106,050 Points:11 Feedback Check My Work Book value is the initial cost of the fixed asset minus the accurnulated depreciation