1. (5 points) Mack Company purchased equipment in 2018 for $80,000 and estimated an $8,000 salvage value at the end of the equipment's 10-year useful life. At December 31, 2024, there was 50,400 in the Accumulated Depreciation account for this equipment using the straight-line method of depreciation. On April 30, 2025, the equipment was sold for $22,000. Instructions: Prepare the appropriate journal entries to remove the equipment from the books of the Mack Company on April 30, 2025. 2. (5 points) On 12/31/18 The Deere Company sold office equipment that had a book value of $4,200 for $6,000. The office equipment originally cost $15,000 and it is estimated that it would cost $19,000 to replace the office equipment. Instructions: Prepare the appropriate journal entry to record the disposition of the office equipment