On October 31, 2024, Cullumber Ltd. purchased a piece of machinery for $56,000. At the time, management determined that the machinery would have a residual value of $5,000 at the end of its 10 -year life. Cullumber has a December 31 year end and uses the straight-line depreciation method, Cullumber ended up selling the piece of equipment on March 31, 202,6, for 547,000 . (Record entries in the order disployed in the problem statement. Credit account titles are automaticolly indented when the amount is entered. Do not indent marually. If no entry is required, select "No Entry" for the occount fitles and enter 0 for the amounts. List all debit entries before credit entries)