Journalize all entries required as a result of the above transactions. Ivanhoe Company uses the straight-line method of depreciation and has recorded depreciation through December 31, 2022. *Need answers for incorrect entries*

Presented below are selected transactions for the Ivanhoe Company for 2023. Jan. April Dec. 1 Retired a piece of equipment that was purchased on January 1, 2013. The equipment cost $82,500 on that date and had a useful life of 10 years with no salvage value. 30 Sold equipment for $41,800 that was purchased on January 1, 2020. The equipment cost $115,500 and had a useful life of 5 years with no salvage value. 31 Discarded equipment that was purchased on June 30, 2019. The equipment cost $46,200 and was depreciated on a 5-year useful life with a salvage value of $2,200. Journalize all entries required as a result of the above transactions. Ivanhoe Company uses the straight-line method of depreciation and has recorded depreciation through December 31, 2022. (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 0 for the amounts.) Date Account Titles and Explanation Credit Debit 82,500 Jan. 1 Accumulated Depreciation Equipment 7 Equipment 82,500 April 30 Depreciation Expense ,180 | Accumulated Depreciation-Equipment (To record depreciation) Cash Accumulated Depreciation-Equipment Gain on Disposal of Plant Assets 4,475 115,500 Equipment To record sale of equipment) April 30 Depreciation Expense 4,180 Accumulated Depreciation Equipment 4,180 (To record depreciation) [Cash 41,800 L Accumulated Depreciation-Equipment 69,225 Gain on Disposal of Plant Assets 4,475 Equipment 115,500 (To record sale of equipment) Dec. 31 Depreciation Expense son Accumulated Depreciation Equipment 8,800 (To record depreciation) Accumulated Depreciation-Equipment 36,666.67 Loss on Disposal of Plant Assets 7,333.33 Equipment 46,200 (To record sale of equipment)