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Equipment Purchased on April 1,2021, by issuing 2,000 shares of your $10 par common...

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Accounting

Equipment
Purchased on April 1,2021, by issuing 2,000 shares of your $10 par common stock. Your stock had a market value of $24 per share. Estimated life =6 years, estimated salvage value = $7,000. Method of Depreciation =150% declining balance.
Spent $2,400 to have the equipment properly installed on April 2.
Used the equipment in 2021, so record depreciation on December 31,2021.
Spent $150 for minor repairs on the equipment on July 1,2022.
Used the equipment in 2022, so record depreciation on December 31,2022.
Sold the equipment on September 1,2023, for $28,000 in cash.
Questions (please show and label your work)
Prepare journal entries for the above events
What is the book value of the equipment on December 31,2022?

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