Here are selected 2020 transactions of Fauwens Corporation: Jan. 1 Jun. 30 Retired a piece of furniturethat was purchased on January 1, 2010. The furniture cost $47,000 and had a useful life of 10 years with no residual value. Sold equipment that was purchased on January 1, 2018. The equipmentcost $30,000 and had a useful life of 3 years with no residual value. The equipment was sold for $4,000 cash. Sold a vehicle for $7,000 cash. The vehicle cost $19,000 when it was purchased on January 1, 2017, and was depreciated based on a 5-year useful life with a $2,000 residual value. Dec. 31 a Fauwens Corporation uses straight-linedepreciation. Prepare all entries required on the abovedates, including entries to update depreciation on assets disposed of, where applicable. Credit account titles are automatically indented when the amount is entered. Do not indert manually. If rio entry is required, select "No Entry" for the account titles anderter Ofor 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)