Marin Company shows the following entries in its Equipment account for 2018. All amounts are based on historical cost. Equipment 2018 2018 Jan. 1 Balance 134,430 June 30 Cost of equipment sold Aug. 10 Purchases 34,510 (purchased prior to 2018) 23,620 12 Freight on equipment purchased 760 25 Installation costs 2,780 Nov. 10 Repairs 460 Collapse question part (a) Prepare correcting entry if necessary. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit