Here are selected 2022 transactions of Sheridan Corporation. Jan. 1 Retired a plece of equipment that was purchased on January 1, 2012. The equipment cost $137,500 and had a useful life of 10 years with no salvage value June 30 Sold equipment that was purchased on January 1, 2020. The equipment cost $195,000 and had a useful life of 3 years with no salvage value. The equipment was sold for $22.500 cash Dec 31 Sold equipment for $31,250 cash. The equipment cost $107,500 when it was purchased on January 1, 2019, and was depreciated based on a 5-year useful life with a $7,500 salvage value. Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Sheridan Corporation uses straight-line depreciation (Credit account titles are automatically indented when the amount is entered. De not indent manually. If no entry is required, select "No Entry for the account titles and enter o for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record depreciation)