Cullumber Ltd. purchased a piece of equipment on May 12,2024 , for $54,400. At the time, management determined that the equipment would have a 4-year useful life and a residual value of $5,200. Cullumber uses the straight-line depreciation method for its equipment, and the company has a December 31 year end. Also assume that Astrom sold the equipment on September 25 , 2026, for \$21,760. Hint: Depreciate to the nearest full month. (Record entries in the order displayed in the problem statement. Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount tities and enter 0 for the amounts. List all debit entries before credit entries.) (To record depreciation expense) (To record sale of equipment)