On January 3, 2024, Oriole Company retires equipment, which cost $24,400. No residual value is received. Prepare journal entries to record the transaction if accumulated depreciation is also $24,400 on this equipment. Oriole has a December 31fiscal year end. (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 O for the amounts. List debit entry before credit entry.)