Ayayai Manufacturing has old equipment that cost $55,000. The equipment has accumulated depreciation of $28,700. Ayayai has decided to sell the equipment. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (a) What entry would Ayayai make to record the sale of the equipment for $37,000 cash? (b) What entry would Ayayai make to record the sale of the equipment for $15,000 cash? Jan. 1 Purchased a small company and recorded goodwill of $155,000. Its useful life is indefinite. May 1 Purchased a patent with an estimated useful life of 5 years and a legal life of 19 years for $142,500. Prepare all adjusting entries at December 31 to record amortization required by the events. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)