Ivanhoe Company sells office equipment on July 31,2025 , for $22,330 cash. The office equipment originally cost $83,350 and as of January 1, 2025, had accumulated depreciation of $38,110. Depreciation for the first 7 mon ths of 2025 is 54,730 . Prepare the journal entries to (a) update depreciation to July 31, 2025, and (b) record the sale of the equipment, (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually if no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) Ivanhoe Company sells office equipment on July 31,2025 , for $22,330 cash. The office equipment originally cost $83,350 and as of January 1,2025 , had accumulated depreciation of $38,110. Depreciation for the first 7 months of 2025 is $4,730. Prepare the journal entries to (a) update depreciation to July 31, 2025, and (b) record the sale of the equipment. (List oll debit entries before credit entries. Credit account tities are outomatically indented when amount is entered, Do not indent manuolly. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)