Flounder Corporation owns machinery that cost $20,400 when purchased on July 1, 2017. Depreciation has been recorded at a rate of $2,448 per year, resulting in a balance in accumulated depreciation of $8,568 at December 31, 2020. The machinery is sold on September 1, 2021, for $10,710. Prepare journal entries to (a) update depreciation for 2021 and (b) record the sale. (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 for the amounts.) Debit Credit No. Account Titles and Explanation (a) Depreciation Expense Accumulated Depreciation-Machinery (b) Cash 10710 Accumulated Depreciation-Machinery Machinery 20400