Mack Company purchased equipment in $2021$ for $$135,000$ and estimated an $$15,000$ salvage value at the end of the equipment's $12-$year useful life. On December $31,2024,$ there was $40,000$ in the Accumulated Depreciation account for this equipment using the straight$-$line method of depreciation. On March $31,2025,$ the equipment was sold for $$20,000.$

Prepare the appropriate journal entries to remove the equipment from the books of the Mack Company on March $31,2025.$