Cullumber Company sells equipment on March 31, 2024, for $34,145 cash. The equipment was purchased on January 5,2021 , at a cost of $83,000, and had an estimated useful life of five years and a residual value of $2,800. 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, 2024. (Credit occount 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 O for the amounts. List debit entry before credit entry) Prepare the journal entry to record the sale of the equipment. (Credit occount 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 O for the amounts, List all debit entries before credit entries.) Prepare the journal entry to record the sale of the equipment if Cullumber Company received $26.970 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 0 for the amounts. List all debit entries before credit entries.)