Logan Company owns equipment that cost $140,000 when purchased on January 1, 2018. It has been depreciated using the straightline method based on estimated salvage value of $14,000 and an estimated useful life of 5 year. Prepare Logan Company's journal entrios to record the sale of the equipment in five independent situations. Update depreciation on assets disposed of at time of sale: Your anwer is partially correct. (a) Sold for 565,000 on January 1,2021. (Credit account titles are automatically indented when the omount is entered. Do not indent manuolly. If no entry 's required, select "No Entry" for the account tities and enter Ofor the amounts.) (b) Sold for $65.000 on April 1, 2021. (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.) (c) Sold for $35,000 on January 1, 2021. (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.) (d) Sold for $35,000 on September 1,2021. (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). (e) Sold for $35,000 on January 1, 2021, assuming Logan uses double-declining balance depreciation. (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.)