BE9.7 (LO 3), AP Prepare journal entries to record these transactions. (a) Echo Company retires its deliv- fournallizengries for dispwat ery equipment, which cost $41,000. Accumulated depreciation is also $41,000 on this delivery equipment. of plantasstc No salvage value is received. (b) Assume the same information as in part (a), except that iccumulated depreciation for the equipment is $37,200 instead of $41,000. BE9.8 (L0 3), AP Antone Company sells office equipment on July 31, 2025, for 521,000 cash. The office foumailare entries for sole of plant equipment originally cost $72,000 and as of January 1, 2025, had accumulated depreclation of $42,000 : asies. Depreciation for the first 7 months of 2025 is $4,600. Prepare the journal entries to (a) update depreciation to July 31,2025 , and (b) record the sale of the equipment