Ivanhoe uses the diminishing-balance method at one times the straight-line depreciation rate. Ivanhoe Limited purchased delivery equipment on March 1, 2019, for $141,250 cash. At that time, the equipment was estimated to have a useful life of five years and a residual value of $10,710. The equipment was disposed of on November 30, 2021. Ivanhoe uses the diminishing-balance method at one times the straight-line depreciation rate, has an August 31 year end, and makes adjusting entries annually. Record the disposal of the equipment on November 30, 2021, under each of the following independent assumptions: (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to O decimal places, e.g. 5,275. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) 1. It was sold for $61,160. 2. It was sold for $81,140. 3. It was retired for no proceeds. (2) ( Nov. 30 (3) Nov. 30 No. Date Account Titles and Explanation Debit Credit Nov. 30 Depreciation Expense Accumulated Depreciation - Equipment (To record depreciation on equipment disposed) (1) Nov. 30 (2) Nov. 30