Logan Company owns equipment that cost $\backslash (\backslash$$ $140,000\backslash )$ when purchased on January $1,2018.$ It has been depreciated using the straightline method based on estimated salvage value of $\backslash (\backslash$$ $14,000\backslash )$ 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 $\text{'}$s required, select $"$No Entry" for the account tities and enter Ofor the amounts.$)($b$)$ Sold for $\backslash (\backslash$$ $65\mathrm{.}000\backslash )$ on April $1,2021.($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts.$)($c$)$ Sold for $\backslash (\backslash$$ $35,000\backslash )$ 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 $\backslash (\backslash$$ $35,000\backslash )$ on September $1,2021.($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts$).($e$)$ Sold for $\backslash (\backslash$$ $35,000\backslash )$ 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.$)$