Mack Company purchased equipment in 2018 for $120,000 and estimated an $10,000 salvage value at the end of the equipment's 10-year useful life. On December 31, 2024, there was 77,000 in the Accumulated Depreciation account for this equipment using the straight-line method of depreciation. On March 31, 2025, the equipment was sold for $22,000. Prepare the appropriate journal entries to remove the equipment from the books of the Mack Company on March 31, 2025