REQUIRED Study the information provided below and answer the following questions: 1.2.1 On what date was the equipment that cost R300 000 purchased? 1.2.2 Prepare the Asset Disposal account for the equipment sold on 01 March 2024. 1.2.3 Calculate the depreciation on the equipment purchased on 01 December 2024 for the year ended 28 February 2025. 1.2.4 Calculate the balance in the Equipment account as at 28 February 2025. INFORMATION 1. On 01 March 2024 (the beginning of the financial year) the following balances, amongst others, appeared in the ledger of Excel Stores: 2. All the equipment stated above were purchased on the same date, with an estimated useful life of five years. The same amount of depreciation was recorded each year since the purchase. 3. On 01 March 2024 equipment with a cost price of R50 000 was sold for R22 000 cash. 4. On 01 December 2024 new equipment with a cost price of R80 000 was purchased on credit. The estimated useful life of this equipment is also five years.