Here are selected 2017 transactions of Parker-Roberts Corporation. Jan. 1 Retired a piece of equipment that was purchased on January 1, 2007. The equipment cost $52,925 and had a useful life of 10 years with no salvage value. Because the equipment had been purchased 10 years ago, it was fully depreciated at the time it was retired. June 30 Sold equipment for $12,000 cash that was purchased on January 1, 2015. The equipment cost $41,550 and had a useful life of 3 years with no salvage value. Accumulated depreciation up to December 31, 2016 was $27,700. Dec. 31 Sold equipment for $16,500 cash. The equipment cost $76,000 when it was purchased on January 1, 2014, and was depreciated based on a 5-year useful life with a $6,000 salvage value. Accumulated depreciation through December 2016 was $42,000. Required Journalize all entries required on the above dates, including any necessary entries to update depreciation on assets disposed of. Note: Parker Roberts Corporation uses straight-line depreciation