Mark's Lumber Mill sold two pieces of equipment in 2022. The following information pertains to the two pieces of equipment: Purchase Date Useful Life Salvage Value Depreciation Method Sales Price Machine Cost Date Sold #1 $124,700 7/1/18 5 yrs $8,700 Straight-line 7/1/22 $29,000 #2 $137,750 1/1/21 5 yrs $7,250 Double-declining-balance 12/31/22 $53,650 (b) Prepare the journal entries in 2022 to record 2022 depreciation and the sale of each piece of 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.) Machine 1 Account Titles and Explanation Debit Credit (To record depreciation expense) (To record sale of equipment) Machine 2 Account Titles and Explanation Debit Credit (To record depreciation expense) DANA (To record sale of equipment) eTextbook and Media List of Accounts