Bennett Corporation sold a piece of equipment on June 30,2022 , for $80,000cash. The equipment had been purchased on January 1,2018 , for $240,000. The equipment had an estimated useful life of 6 years and a $48,000 residual value. Bennett Corporation has been using the straight-line method of depreciation and has a year-end of December 31st. Required: Prepare any necessary journal entries on June 30, 2022, assuming that 2022 depreciation expense has not been recorded. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the depreciation expense under straight-line method, for the truck purchased on January 1,2018 for $240,000 with an estimated residual value of $48,000 and an estimated useful life of 6 years, for the period ending June 30,2022. Note: Enter debits before credits. Record the $80,000 sale of equipment, purchased on January 1,2018 , for $240,000 with an estimated residual value of $48,000 and an estimated useful life of 6 years, on June 30,2022. Note: Enter debits before credits