FULL SCREEN PRINTER VERSION BACK NE Question 16 Carla Vista Company owns equipment that cost $108,000 when purchased on January 2, 2021. It has been depreciated using the straight-line method based on estimated residual value of $6,000 and an estimated useful life of five years. Following are the four independent situations. (a) Your answer is correct Prepare Carta Vista Company's joumal entry to record the sale of the equipment for $49,000 on January 2, 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If ne entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Tities and Explanation (b) Prepare Carla Vista Company's journal entry to record the sale of the equipment for $49,000 on May 1, 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 for the amounts.) Date Account Titles and Explanation Debit Credit May 1 (To record disposal of equipment.)