Blue Company purchased equipment in 2017 for $85,000 and estimated a $6,000 salvage value at the end of the equipment's 10-year useful life. At December 31, 2022, there was $47,400 in the Accumulated Depreciation account for this equipment using the straight-line method of depreciation. On March 31, 2023, the equipment was sold for $22,000 Prepare the appropriate journal entries to remove the equipment from the books of Blue Company on March 31, 2023