On April 1, 2020, Lockhart Company discarded equipment that cost $80,000, had a useful life of 5 years, a residual value of $14,000, and, under straight-line depreciation, accumulated depreciation as of December 31, 2019 of $26,400.

(a) Prepare the journal entry to record depreciation up to the date of disposal of the equipment.

(b) Prepare the journal entry to record the disposal of the equipment.