**I only need help with requirement 2 / journal entries please.

On March 31, 2021, the Herzog Company purchased a factory complete with vehicles and equipment. The allocation of the total purchase price of $950,000 to the various types of assets along with estimated useful lives and residual values are as follows:

Asset	Cost				Estimated Residual Value				Estimated Useful Life (in years)
Land	$	125,000				N/A			N/A
Building		450,000				none			20
Equipment		250,000				12% of cost			10
Vehicles		125,000			$	13,000			10
Total	$	950,000

On June 29, 2022, equipment included in the March 31, 2021, purchase that cost $95,000 was sold for $75,000. Herzog uses the straight-line depreciation method for building and equipment and the double-declining-balance method for vehicles. Partial-year depreciation is calculated based on the number of months an asset is in service. Required: 2. Prepare the journal entries to record the depreciation on the equipment sold on June 29, 2022, and the sale of equipment.

Required 1 Required 2 Required 3 Prepare the journal entries to record the depreciation on the equipment sold on June 29, 2022, and the sale of equipment. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers to nearest whole dollar.) View transaction list Journal entry worksheet Record the depreciation on machinery sold. Note: Enter debits before credits. General Journal Debit Credit Date June 29, 2022 Required 1 Required 2 Required 3 Prepare the journal entries to record the depreciation on the equipment sold on June 29, 2022, and the sale of equipment. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers to nearest whole dollar.) View transaction list Journal entry worksheet Record the sale of machinery. Note: Enter debits before credits. General Journal Debit Credit Date June 29, 2022