I need help with 9b please!! Thank you!!

9. The Bandor Group sold one of its plant assets on October 1 of the current year for $650,000. The asset had an original cost of $1,200,000 and an estimated residual value of $30,000. Bandor used the straight-line method of depreciation assuming an estimated useful life of twelve years. The asset was in service for five years as of January 1 of the current year. Read the requirements?. Requirement a. Prepare the journal entry required to record the depreciation for the current year. (Record debits first, then credits. Exclude explanations from any journal entries.) Account Depreciation ExpensePlant Asset Accumulated DepreciationPlant Asset October 1 73,125 73,125 Requirement b. Prepare the journal entry required to record the sale of the asset. (Record debits first, then credits. Exclude explanations from any journal entries.) October 1 650000 Account (1) Cash |(2) Accumulated Depreciation Plant Asset (3) Loss on Sale of Plant Assets (4) Plant asset 560625 10625 1221250