You are performing a reconstruction analysis for equipment transactions during the year. You are given the following beginning and ending balances for the current year Feb. 1 Jan 31 Equipment $136,500 $143,200 Accumulated depreciation 76,500 87,600 During the year, the company sold equipment with a cost of $23,100 and accumulated depreciation of $15,400 for $15,800 cash. It purchased equipment during the year Using the reconstruction method, estimate the following. Record the dollar amounts, to the nearest dollar with no commas or dollar signs (e.g. 5623): 1. How much did the company spend on equipment during the year? 2. How much equipment depreciation expense was recorded for the year