Lynn Company owns equipment that cost $120,000 when purchased on January 1, 2018. It has been depreciated using the straightline method based on estimated salvage value of $15,000 and an estimated useful life of 5 years. Prepare Lynn Company's journal entries to record the sale of the equipment in these four independent situations. (Credit occount titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts.) (a) Sold for $58,000 on January 1,2021 . (b) Sold for $58,000 on May 1, 2021. (c) Sold for $32,000 on January 1, 2021. (d) Sold for $32,000 on October 1, 2021. (D) (To record depreciation expense) (To record disposal of equipment at a gain) (c) (d) (To record depreciation expense)