Cullumber Company sells equipment on March 31, 2021, for $32,910 cash. The equipment was purchased on January 5, 2018, at a cost of $80,500, and had an estimated useful life of five years and a residual value of $2,400. Cullumber Company uses straight-line depreciation for equipment. Adjusting journal entries are made annually at the company's year end, December 31. Prepare the journal entry to update depreciation to March 31, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Mar. 31 (To record depreciation expense.) Prepare the journal entry to record the sale of the equipment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Mar. 31 (To record disposal of equipment.) Prepare the journal entry to record the sale of the equipment if Cullumber Company received $25,735 cash for it. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry"for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Mar. 31 (To record disposal of equipment.)