Here are selected 2020 transactions of Fauwens Corporation: Jan. 1 Jun 30 Retired a piece of furniture that was purchased on January 1, 2010. The furniture cost $68,000 and had a useful life of 10 years with no residual value. Sold equipment that was purchased on January 1, 2018. The equipment cost $42,900 and had a useful life of 3 years with no residual value. The equipment was sold for $6,000 cash. Sold a vehicle for $10,000 cash. The vehicle cost $28,000 when it was purchased on January 1, 2017, and was depreciated based on a 5-year useful life with a $3,000 residual value. Dec. 31 Fauwens 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. If no entry is required, select "No Ent for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 Jun. 30 (To record equipment depreciation for the year) Jun. 30 (To record sale of equipment) Dec. 31 (To record vehicle depreciation for the year) Dec. 31 (To record sale of vehicle)