Mitra Company sells equipment on March 31, 2014, for $15,000 cash. The equipment was purchased on January 5, 2009, at a cost of $86,400, and had an estimated useful life of six years and a residual value of $2,200. Adjusting journal entries are made annually at the company’s year end, December 31. Prepare the journal entries to

(a) Update depreciation to March 31, 2014,

(b) Record the sale of the equipment, and

(c) Record the sale of the equipment if Mitra Company received $9,000 cash for it.