Delta Air Lines owns hundreds of aircraft, with about $60$ percent of its fleet consisting of Boeing aircraft, while Airbus aircraft make up about $40$ percent. It sold seven used Boeing $767-300$ jets to

Amazon.com as Amazon plans to expand its growing Amazon Air cargo service. The average age of the jets is about $20$ years old.

Assume the records of the company reflected the following for the jets that were sold:

Aircraft cost

Accumulated depreciation

$$62,700,000$

$46,800,000$

Required:

Prepare the journal entry for the disposal of the airplanes, assuming that the airplanes sold for:

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

a$.$ $$15,900,000$ cash

b$.$ $$16,800,000$ cash

c$.$ $$14,300,000$ cash