Question Content Area Entries for sale of fixed asset Equipment acquired on January 8 at a cost of $155,630 has an estimated useful life of 17 years, has an estimated residual value of $7,050, and is depreciated by the straight-line method. Question Content Area a. What was the book value of the equipment at December 31 the end of the fourth year? fill in the blank 1 of 1$ Question Content Area b. Assuming that the equipment was sold on April 1 of the fifth year for $112,965. 1. Journalize the entry to record depreciation for the 3 months until the sale date. If an amount box does not require an entry, leave it blank. Round your answers to the nearest whole dollar if required. blank Account blank Accounts PayableAccumulated Depreciation-EquipmentCash Depreciation Expense- Equipment Equipment Accounts PayableAccumulated Depreciation-EquipmentCash Depreciation Expense- Equipment Equipment Debit - Select Select Credit - Select - Select Question Content Area 2. Journalize the entry to record the sale of the equipment. If an amount box does not require an entry, leave it blank. Do not round intermediate calculations.