Crane Company sells office equipment on July 31, 2017, for $21,850 cash. The office equlpment originally cost $77,730 and as of January 1, 2017, had accumulated depredation of $39,740, Depreclation for the first 7 months of 2017 Is $4,030 Prepare the journal entries to (aj update depreciation to July 31, 2017, and (b) record the sale of the equipment. (Credit account tities are automatically indented when amount is entered. Do not indent manually. It no entry is required, select "No Entry for lhe account Liles and enter 0 for the anounts.) No. Account Titles and Explanation Debit Credit