Canton Industries acquired equipment at a cost of $126,000 and a book value of $42,000. Prepare the journal entries to record the disposal of the equipment under the following independent assumptions.

(a)	The equipment had no market value and was discarded.
(b)	The equipment is sold for $53,000.
(c)	The equipment is sold for $27,000.
(d)	The equipment is traded-in for a similar asset. The list price of the new equipment is $63,000.