Here are selected 2028 transactions of Sheridan Car Rental Corporation. Jan. 1 Retired a piece of equipment that was purchased on January 1,2012 . The equipment cost $46,000 and had a useful life of 10 years with no salvage value. June 30 Sold equipment that was purchased on January 1,2026. The equipment cost $68,400 and had a useful life of 3 years with no salvage value. The equipment was sold for $7,600 cash. Dec. 31 Sold equipment for $11,700 cash. The equipment cost $41,000 when it was purchased on January 1, 2025 and was depreciated based on a 5-year useful life with a $2,300 salvage value. Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Sheridan Car Rental Corporation uses straight-line depreciation. Deprecation has been adjusted through December 31, 2027. (Credit account titles are outomatically indented when the amount is entered. Do not indent manualiy. 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. List all debit entries before credit Account Titles and Explanation Debit Credit (To record depreciation) 1 (To record sale of equipment) (To record depreciation) (To record sale of equipment)