Ivanhoe Company owns equipment that cost $45,000 when purchased on January 2, 2021. It has been depreciated using the straight- line method based on estimated residual value of $3,000 and an estimated useful life of five years. Following are the four independent situations Prepare Ivanhoe Company's journal entry to record the sale of the equipment for $23,100 on January 2, 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Jan. 2 (To record disposal of equipment.) Prepare Ivanhoe Company's journal entry to record the sale of the equipment for $23,100 on May 1.2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit May 1 I (To record disposal of equipment.) Prepare Ivanhoe Company's journal entry to record the sale of the equipment for $4,600 on January 2 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 2 (To record disposal of equipment.) Prepare Ivanhoe Company's journal entry to record the sale of the equipment for $4,600 on October 1, 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Oct. 1 (To record disposal of equipment.)