Current Attempt in Progress Here are selected 2022 transactions of Wildhorse Corporation. Jan. 1 Retired a piece of furniture that was purchased on January 1, 2012. The furniture cost $79,600 and had a useful life of 10 years with no residual value. June 30 Sold equipment that was purchased on January 1, 2020. The equipment cost $50,700 and had a useful life of 3 years with no residual value. The equipment was sold for $6,500 cash. Dec. 31 Sold a vehicle for $12,200 cash. The vehicle cost $32,500 when it was purchased on January 1, 2019, and was depreciated based on a 5-year useful life with a $4,900 residual value. Date Account Titles and Explanation Debit Credit (To record depreciation expense.) (To record the sale of equipment.) (To record the sale of equipment.) (To record depreciation expense.) (To record sale of vehicle.)