Wildhorse Co. purchased equipment on March 1, 2022, for $100,000 on account. The equipment had an estimated useful life of five years, with a residual value of $5,000. The equipment is disposed of on February 1, 2025. Wildhorse Co. uses the diminishing-balance method of depreciation with a 20% rate and calculates depreciation for partial periods to the nearest month. The company has an August 31 year end. Record the acquisition of the equipment on March 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Date Account Titles Mar. 1 Equipment Accounts Payable Debit 100000 Credit 10000 Record depreciation at August 31, 2022, 2023, and 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry) 2022 Date Account Titles Aug. 31 Depreciation Expense Accumulated Depreciation Equipment Debit 100000 Credit 100000 2023 Date Account Titles Aug. 31 Depreciation Expense 2024 Accumulated Depreciation Equipment Date Account Titles Aug. 31 Debit Credit Debit Credit Record the disposal on February 1, 2025, under the following assumptions: 1. It was scrapped with no residual value. 2. It was sold for $57,400. 3. It was sold for $47,750. 4. It was traded for new equipment with a list price of $94,500. Wildhorse was given a trade-in allowance of $50,500 on the old equipment and paid the balance in cash. Wildhorse determined the old equipment's fair value to be $49.900 at the date of the exchange. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Date Account Titles 2025 Feb. 1 To record depreciation expense.) Debit Credit 1 2 Feb. (To record depreciation expense.) 1 Feb. 1 (To record disposal.) (To record disposal) Feb. 3. Feb. 3. 1 (To record disposal) (To record disposal)