On October 31, 2024, Sandhill Ltd. purchased a piece of machinery for $48,000. At the time, management determined that the machinery would have a residual value of $4,800 at the end of its 10 -year life. Sandhill has a December 31 year end and uses the straight-line depreciation method. Sandhill ended up selling the piece of equipment on March 31,2026 , for $39,000. (Record entries in the order displayed in the problem statement. 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 all debit entries before credit entries.)