Crane Productions Corp. purchased equipment on March 1, 2021, for $62,400. The company estimated the equipment would have a useful life of three years and produce 10,000 units, with a residual value of $12,000. During 2021, the equipment produced 5,000 units. On November 30, 2022, the machine was sold for $18,000 and had produced 5,800 units that year.

Record all the necessary journal entries for the years ended December 31, 2021 and 2022, using the following depreciation methods

a. Straight-line

b. Double-diminishing-balance

c. Units-of-Production