On January 1, 2016, Horton Inc. sells a machine for $23,000. The machine was originally purchased on January 1, 2014 for $40,000. The machine was estimated to have a useful life of 5 years and no residual value. Horton uses straight-line depreciation.

a.	Prepare the journal entry to record the sale. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)