Francis Company owns equipment that cost $50,000 when purchased on January 1, 2011. It has been depreciated using the straight-line method based on estimated salvage value of $8,000 and an estimated useful life of 5 years. Prepare Francis Company's journal entries to record the sale of the equipment in these four independent situations. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to O decimal places e.g. 125.) (a) Sold for $28,000 on January 1, 2014. (b) Sold for $28,000 on May 1, 2014. (c) Sold for $11,000 on January 1, 2014. (d) Sold for $11,000 on October 1, 2014 No. Account Titles and Explanation Debit Credit (To record depreciation)