Crane Limited sold equipment on September $30,2024,$ for $$38,960$ cash. The equipment originally cost $$138,320$ when purchased on January $1,2022.$ It had an estimated residual value of $$4,040$ and a useful life of five years. Depreciation is recorded annually and was last recorded on December $31,2023,$ the company's year end. Prepare the journal entry to record the sale of ab equipment $($ List all debit entries before credit entries $)$