On April 1, equipment costing $75,000 with a salvage value of $5,000 and a useful life of 5 years was sold for $23,000. The book value of the asset at December 31 of the previous year was $26,000. Assuming the firm uses straight-line depreciation, record the entries to (a) bring the depreciation up to date and (b) record the sale of the asset. Need journal entries as well for a and b. Thank you