Here are selected $2025$ transactions of Ivanhoe Corporation.

Jan. $1$

June $30$

Dec. $31$

Retired a piece of furniture that was purchased on January $1,2015.$ The furniture cost $$66,400$ and

had a useful life of $10$ years with no residual value.

Sold equipment that was purchased on January $1,2023.$ The equipment cost $$42,120$ and had a

useful life of $3$ years with no residual value. The equipment was sold for $$5,400$ cash.

Sold a vehicle for $$10,000$ cash. The vehicle cost $$27,000$ when it was purchased on January $1,2022,$

and was depreciated based on a $5-$year useful life with a $$3,800$ residual value.

Ivanhoe Corporation uses straight$-$line depreciation.

Prepare all entries required on the above dates, including entries to update depreciation on assets disposed of$,$ where

applicable. $($Credit account titles are automatically indented when the amount is entered. Do not

indent manually. List all debit entries before credit entries. Record journal entries in the order

presented in the problem. If no entry is required, select $"$No Entry" for the account titles and enter $0$

for the amounts.$)$

$($To record depreciation expense.$)$

$($To record the sale of equipment.$)$

$($To record depreciation expense.$)$