Barnes Ltd purchased equipment on 1 January, 2017 for $80,000 and estimated an $8,000 salvage value at the end of the equipment's 10-year useful life. At 31 December, 2023, there was $50,400 in the Accumulated depreciation account for this equipment using the straight-line method of depreciation. On March 31, 2024, the equipment was sold for $21,000. The correct depreciation journal entry and amount to record depreciation of the equipment on March 31, 2024 is: a. Depreciation expense .......................................................... $2,000 Accumulated depreciation equipment ................ $2,000 b. Depreciation expense .......................................................... $1,200 Accumulated depreciation equipment ................ $1,200 c. Depreciation expense .............................................................................. 1,800 Accumulated depreciation equipment ............................. 1,800 d. Depreciation expense .......................................................... $3,000 Accumulated depreciation equipment ................ $3,000