Flint Company sells equipment on September 30,2022 , for $20,300 cash. The equipment originally cost $72,600 and as of January 1 , 2022, had accumulated depreciation of $41,600. Depreciation for the first 9 months of 2022 is $4,750. Prepare the journal entries to (a) update depreciation to September 30, 2022, and (b) record the sale of the equipment. (List all debit entries before credit entries. Credit account titles are automatically indented when 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.) Pina Colada Company exchanges old delivery equipment for new delivery equipment. The book value of the old delivery equipment is $36,600 (cost $67,200 less accumulated depreciation $30,600 ). Its fair value is $25,400, and cash of $7,500 is paid. Prepare the entry to record the exchange, assuming the transaction has commercial substance. (List all debit entries before credit entries. Credit account titles are automatically indented when 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. Include in your journal entry separate account entries for both the new and old equipment.)