The property, plant, and equipment section of the JasperCompany’s December 31, 2017, balance sheet contained thefollowing:

Property, plant, andequipment:
Land				$	130,000
Building	$	800,000
Less: Accumulateddepreciation		(250,000	)		550,000
Equipment		186,900
Less: Accumulateddepreciation		?			?
Total property, plant, andequipment					?
The land and building were purchased at the beginning of 2013.Straight-line depreciation is used and a residual value of $50,000for the building is anticipated. The equipment is comprised of the following three machines: Machine Cost DateAcquired Residual Value Life in Years 101 $ 66,400 1/1/15 $ 8,000 8 102 79,000 6/30/16 9,000 7 103 41,500 9/1/17 4,000 10 The straight-line method is used to determine depreciation onthe equipment. On March 31, 2018, Machine 102 was sold for $49,000.Early in 2018, the useful life of machine 101 was revised to fiveyears in total, and the residual value was revised to zero. Required: 1. Calculate the accumulated depreciation onthe equipment at December 31, 2017. 2. Prepare the journal entry to record 2018depreciation on machine 102 up to the date of sale. 3. Prepare a schedule to calculate the gain orloss on the sale of machine 102. 4. Prepare the journal entry for the sale ofmachine 102. 5. Prepare the 2018 year-end journal entries torecord depreciation on the building and equipment.