Blossom Limited purchased equipment on October $8,2021,$ at a cost of $$342,000.$ Blossom's management estimated that the equipment would have a useful life of four years and a residual value of $$38,000.$ At the beginning of $2024,$ Blossom's management determined that the equipment would be used for three more years $($including all of $2024),$ and at the end of this time the equipment's residual value would be $$39,600.$ The company ended up selling the equipment on August $28,2025,$ for $$101,000.$ Blossom uses the straight$-$line method of depreciation and has a December $31$ year end.

Give the necessary journal entries for the acquisition, depreciation, and disposal of this asset for the years $2021,2024,$ and $2025.($Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

Date

Account Titles and Explanation

Debit

Credit

$($To record depreciation expense$)$

$($To record sale of equipment$)$