Here are selected 2022 transactions of Howe Corporation. Jan. 1 June 30 Retired a piece of equipment that was purchased on January 1, 2012. The equipment cost $55,000 and had a useful life of 10 years with no salvage value. Sold equipment that was purchased on January 1, 2020. The equipment cost $78,000 and had a useful life of 3 years with no salvage value. The equipment was sold for $9,000 cash. Sold equipment for $12,500 cash. The equipment cost $43,000 when it was purchased on January 1, 2019 and was depreciated based on a 5-year useful life with a $3,000 salvage value. Dec 31 Indicate the accounts to be increased/decreased (with amounts) on the above dates, including those to update depreciation on assets disposed of where applicable. Howe Corporation uses straight-line depreciation Account Titles and Explanation Increase/Decrease Amount Date $ Jan. 1 V A S C June 30 v 5 (To record depreciation June 30 (To record sale of equipment) Dec. 31 $ $ > (To record depreciation) 31 > $ C $ V $ $