AR suomi You received partial credit in the previous attempt. View previous attempt 15 moints Howarth Manufacturing Company purchased equipment on June 30, 2017, at a cost of $800,000. The residual value of the equipment was estimated to be $50,000 at the end of a five-year life. The equipment was sold on March 31, 2021, for $170,000. Howarth uses the straight-line depreciation method for all of its plant and equipment. Partial-year depreciation is calculated based on the number of months the asset is in service Required: 1. Prepare the journal entry to record the sale. 2. Assuming that Howarth had instead used the double-declining-balance method, prepare the journal entry to record the sale. ebook Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Assuming that Howarth had instead used the double-declining-balance method, prepare the journal entry to record the sale. (If no er is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list View previous attempt 15 Required 1 Required 2 5 points Assuming that Howarth had instead used the double-declining-balance method, prepare the journal entry to record the sale. (If no en is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Book Journal entry worksheet Hint Assuming that Howarth had instead used the double-declining-balance method, prepare the journal entry to record the sale. Noter Enter debis before credits Credit Event 1 Debit 170,000 General Journal Cash Accumulated depreciation equipment Gain on sale of equipment Equipment 800,000 Cart natural