ved below are selected transactions for the Tinker Company for 2013 sidetired a piece of equipment that was purchased on January 1, 2003. The equipment ited below are sel oost $75,000 on that date, accumulated depreciation of $76,000 and had a usiu e of 10 years with no salvage value. has Sold equipment for $35,000 that was cost $90,000, accumulatd depreciation on 1/1/13 of $54,000 and had a useful life of s years with no salvage value. April 30 purchased on January 1, 2010. The equipment Dec. 31 Discarded equipment that was purchased on January 1, 2009. The equipment coor 3,000- accumulated depreciation on 1/1/13 was $28,000 and was depreciated on a 5-year useful life. Instructions Journalize all entries required as a result of the above transactions straight-line method of depreciation and has recorded depreciation Tinker Company uses the through December 31,2012 Jan. 1 April 30 Dec. 31 6 s Repair Service uses the straight-line method of depreciation. The company's fiscal year as is December 31. The following transactions and events occurred during the first three years Juy 1 Purchased equipment from the Equipment Center for $4 300 cash plus sales tax of $305, and shipping costs of $250 Nov. 3 Incurred ordinary repairs on computer of $240 Dec. 31 Recorded 2011 depreciation on the basis of a four-year life and estimated salvage value of $455 2012 Dec. 31 Recorded 2012 depreciation. 2013 Jan 1 Paid $1.800 for a major upgrade of the equipment. This expected to increase the operating efficiency and capacity of the equipment. Prepare the necessary entries. (Show computations) 2011 July Nov. 3 Dec. 31 2012 Dec. 31 2013 Jan