Murphy's Deli is in the process of closing its operations. It sold its three-year-old equipment to Stan's Steakhouse for $267,200. The equipment originally cost $356,000, had an estimated service life of 10 years, had an estimated residual value of $21,000, and were depreciated using straight-line depreciation.

Complete the requirements below for Murphy's Deli. Required:

1. Calculate the balance in the Accumulated Depreciation account at the end of the third year.

2. Calculate the book value of the equipment at the end of the third year.

3. What is the gain or loss on the sale of the equipment at the end of the third year?

4. Record the sale of the equipment at the end of the third year. (journal entry worksheet pls)