Wildhorse Productions Corp. purchased equipment on March 1, 2021, for $78,400. The company estimated the equipment would have a useful life of three years and produce 12,000 units, with a residual value of $10,000. During 2021, the equipment produced 4,300 units. On November 30, 2022, the machine was sold for $18,000 and had produced 6,300 units that year. (2) Double-diminishing-balance Debit Credit Date Account Titles and Explanation 2021 Mar. 1 equipment 78400 cash 78400 Dec. 31 Depreciation Expense 43773 Accumulated Depreciation - Equipment 43773 2022 Nov. 30 Depreciation Expense 21344 21344 Accumulated Depreciation - Equipment (To record depreciation expense) cash Nov. 18000 30 21344 Accumulated Depreciation - Equipment Gain on Disposal 21344 78400 Equipment (To record the sale of machine) (3) Units-of-Production Debit Credit Date Account Titles and Explanation 2021 Mar. 1 Equipment 78400 Cash 78400 Dec. 31 Depreciation Expense Accumulated Depreciation - Equipment 2022 Nov. 30 Depreciation Expense NE Accumulated Depreciation - Equipment (To record depreciation expense) Cash Nov. 30 Accumulated Depreciation - Equipment Equipment 78400 Gain on Disposal (To record the sale of machine)