Here are selected 2022 transactions of Sunland Corporation. Jan. 1 June 30 Retired a piece of furniture that was purchased on January 1, 2012. The furniture cost $71,200 and had a useful life of 10 years with no residual value. Sold equipment that was purchased on January 1, 2020. The equipment cost $45,240 and had a useful life of 3 years with no residual value. The equipment was sold for $5,800 cash. Sold a vehicle for $10,800 cash. The vehicle cost $29,000 when it was purchased on January 1, 2019, and was depreciated based on a 5-year useful life with a $4,200 residual value. Dec. 31 Sunland Corporation uses straight-line depreciation. Prepare all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable