4. On January 1, 2014, Conor Corporation purchased equipment for $250,000. The estimated useful life was ten years with an estimated salvage value of $15,000. Straight-line depreciation is used. At December 31, 2021, accumulated depreciation was $188,000. Conor sold the equipment on April 1, 2021 for $50,000. Required: Prepare any journal entries necessary to record the sale of the equipment. Assume depreciation is calculated on months of actual usage.