Bennett Corporation sold a piece of equipment on June 30, 2019 for $200,000 cash. The equipment had been purchased on January 1, 2016 for $320,000. It had an estimated useful life of 5 years and a $60,000 salvage value. Bennett Corp. has been using the straight-line method of depreciation and has a year-end of December 31st. Prepare all necessary journal entries on June 30, 2019 assuming adjusting entries for depreciation expense have been properly recorded through December 31, 2018.