Part C: Disposal of PPE Vance Company purchased equipment in 2010 for $80,000 and estimated an $8,000 salvage value at the end of the equipment's 10-year useful life. Prepare the appropriate journal entries to remove the equipment from the books of Vance Company in 2017. The accumulated depreciation was $52,200 whein it was sold. (a) On March 31, 2017, the equipment was sold for $21,000 (b) On March 31, 2017, the equipment was sold for $30,000