Here are selected 2022 transactions of Wildhorse Corporation. Jan. 1 Retired a piece of furniture that was purchased on January 1, 2012. The furniture cost $79,600 and had a useful life of 10 years with no residual value. June 30 Sold equipment that was purchased on January 1, 2020. The equipment cost $50,700 and had a useful life of 3 years with no residual value. The equipment was sold for $6,500 cash. Dec. 31 Sold a vehicle for $12,200 cash. The vehicle cost $32,500 when it was purchased on January 1, 2019, and was depreciated based on a 5-year useful life with a $4.900 residual value, Wildhorse Corporation uses straight line depreciation