Pharoah Company owns equipment that cost $94,000 when purchased on Jamuary 2,2024 . It has been depreciated using the stralghtline method based on estimated residual value of $4,000 and an estinated useful life of five years. Following are the four independent situations. (a) Prepare Pharoah Company's journal entry to record the sale of the equipment for $43,600 on Jamaary 2, 2027, (Credit docount tities are dutomaticoliy indented when the amount is entered. Do not indent mantally if no entry is required, select "No Entry" for the occount titles and enter O for the amounts. List all debit entries before credit entries)