Oriole Limited sells equipment on September 30, 2021, for $38,560 cash. The equipment originally cost $156,630 when purchased on January 1, 2019. It has an estimated residual value of $4,290 and a useful life of five years. Depreciation is recorded annually and was last recorded on December 31, 2020, the companys year-end.

Prepare the journal entry to record the sale of the equipment.