Here are selected 2018 transactions of Pharoah Corporation. Jan. 1 Retired a piece of furniture that was purchased on January 1, 2008. The furniture cost $59,700 and had a useful life of 10 years with no residual value. Sold equipment that was purchased on January 1, 2016. The equipment cost $40,920 and had a useful life of 3 years with no residual value. The equipment was sold for $5.190 cash. Sold a vehicle for $8.360 cash. The vehicle cost $26, 320 when it was purchased on January 1, 2015, and was depreciated based on a 5-year useful life with a $3,080 residual value. June 30 Dec. 31 Pharoah 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 cities are automatically indented when the amounty's entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Jan 1 Accumulated Depreciation - Furniture June 30 Depreciation Expense Accumulated Depreciation Equipment in expense) June 30 Cash Accumulated Depreciation - Equipment Loss on Disposal Equipment (To record the sale of equipment.) Dec. 31 Depreciation Expense Accumulated Depreciation - Vehicles (To record depreciation expense.) Dec. 31 Cash Accumulated Depreciation Vehicles Gain on Disposal Vehicles (To record sale of vehicle.)