Williams Company acquired machinery on July 1, Year 1, at a cost of $130,000. The estimated useful life of the machinery was 10 years and the estimated residual value was $10,000. Williams uses the double-declining-balance method of depreciation. On October 1, Year 4, Williams sold the equipment for $75,000.

Required:

a.	Record the journal entry for the depreciation on this machinery for Year 4.*
b.	Record the journal entry for the sale of the machinery.*
	*Refer to the Chart of Accounts for exact wording of account titles.