(b) [4 Points] On January 1st, 2014 "JDS" Company purchased equipment for $90,000. Upon purchasing the equipment, the company estimated that the residual value at the end of the equipment's 10-year useful life would be $6,000. On January 1st, 2017, the company decided that the useful life for the equipment should be 13 years. In addition, on June 1st, 2018, the company sold the equipment for $15,000. Required: Prepare ALL the required journal entries to remove the equipment from the books of "JDS" Company on June 1st, 2018, assuming the company accounts for this equipment using the straight-line depreciation method.

purchasing the equipment, the company estimated that the residual value at the end of the equipment's 10 -year useful lifo would be $6,000. On January 1", 2017, the company decided that the useful life for the equipment should be 13 years. In addition, on June 1nt,2018, the company sold the equipment for $15,000. Required: Prepare ALL the required journal entries to remove the equipment from the books of "JDS Company on June 1, 2018, assuming the company accounts for this equipment using the straight-line depreciation method