Blue Spruce Corp. selis office equipment on July 31,2022 , for $17,600cash. The office equipment originally cost $72,700 and as of lanuary 1, 2022, had accumulated depreciation of $41,700. Depreciation for the first 7 months of 2022 is $4,850. Prepare the journal entries to (a) update depreciation to July 31, 2022, and (b) record the sale of the equipment. (Credit occount tities are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts)