Higher Company had the following disposals of production equipment during 2006:

Higher's policy is to charge a full year's depreciation in the year of purchase if an asset is purchased before July 1. For assets purchased after July 1, only one-half year's depreciation is charged. During the year of disposal, one-half year's depreciation is charged if the asset is sold after June 30. No depreciation is charged during the year of disposal if the asset is sold before July 1. In all three cases above, estimated residual value at the time of acquisition was zero.
Required
Prepare journal entries to record the above disposals.

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Equipment Purchase Original Date of Disposal Useful Depreciation ID Number DateCost Disposal Proceeds Life 301 415 573 Method 2/28/98 $70,300 10/03/02 $14,300 10 Straight-line 7/03/05 96,000 7/19/02 63,000 5 150% declining-balance 6/15/04 94,500 3/21/02 38,000 6 Sum-of-the-years-digits