Indicate the accounts to be increased/decreased to record the following transactions for Reese Company, which has a calendar year end and uses the straight-line method of depreciation. (a) On September 30, 2022, the company sold old equipment for $46,000. The equipment was purchased on January 1, 2020 for $96,000 and was estimated to have a $16,000 salvage value at the end of its 5-year life. Depreciation on the equipment has been recorded through December 31, 2021. Date Account Titles and Explanation September 30, 2022 (To record depreciation expense) Increase/Decrease LA LA Amount