LuleLLL Ivanhoe Company sells equipment on March 31, 2021, for $32.325 cash. The equipment was purchased on January 5, 2018 at a cost of $80,000, and had an estimated useful life of five years and a residus value of $3.000. Ivanhoe Company uses straight-line depreciation for equipment. Adjusting journal entries are made annually at the company's year end, December 31 Prepare the journal entry to update depreciation to March 31, 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 for the amounts.) Debit Credit Date Account Titles and Explanation Mar 31 (To record depreciation expense.) List of Accounts Prepare the journal entry to record the sale of the equipment. (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 for the amounts) Debit Date Account Titles and Explanation Mar 31 Credit (To record disposal of equipment.) Prepare the journal entry to record the sale of the equipment if Ivanhoe Company received $26,150 cash for it. (Credit account titles are automatically indented when the amount is entered. Do not Indere manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Mar 31 (To record disposal of equipment.)