Question 5 Take me to the text Partially correct > Quiz Mark 6.00 out of On December 31, 2014 GHI Company purchased equipment worth $300,000. The equipment has a useful life of six years and no residual value. 29.00 Depreciation is recorded beginning the month after acquisition and will be recorded up until the month of disposal. The company uses the straight-line method of depreciation. P Flag question Required a) Given that the company's year end is December 31, complete the following table. Do not enter dollar signs or commas in the input boxes. Round all dollar figure answers to the nearest whole number. Year Cost of Long-Term Asset Depreciation Expense Accumulated Depreciation Net Book Value 2015 $300,000 $ S 2016 $300,000 $ S S 2017 $300,000 $ S 2018 $300,000 $ 2019 $300,000 $ 2020 $300,000 $ b) On June 30, 2020, GHI Company sold the equipment for $4,000 Prepare the journal entry to record the depreciation on the disposal and the sale. You will