Dinnell Company owns the following assets: Asset A B C Year purchased 2014 2015 2016 Cost $20,000 $40,000 $ 100,000 Expected life 5 years 8 years 10 years Residual value $2,000 $10,000 Depreciation method Straight-line Sum-of-the-years'-digits Double-declining-balance In the year of acquisition and retirement of an asset, Dinnell records depreciation expense for one-half year. During 2017, Asset A was sold for $7,000. Required: Prepare the journal entries to record depreciation on each asset for 2014 through 2017 and the sale of Asset A. Round all answers to the nearest dollar