On June 30, 2020, JKL, Inc. sold plant equipment (asset D) for $70,000. The equipment was purchased January 1, 2017 for 97,000. JKL, Inc. used the 200% declining balance method for this asset, over an estimated useful life of 7 years, with salvage value set at $12,000. Payment received included $12,000 cash and the buyers note for the balance. The note requires equal annual principal payments over 5 years from date, together with interest at 6%. Additionally, depreciation expense for 2020 of $111,000, related to other depreciable assets of $1,066,000 is appropriate and has not been recorded. (provide journal entries)