Pharoah Company sold the following two pieces of equipment in 2022: Equipment A Equipment B Cost $278,400 $151,200 Purchase date 7/1/18 1/1/19 Useful life 8 years 5 years Salvage value $9,600 $7,200 Depreciation method Straight-line Straight-line Date sold 7/1/22 9/1/22 Sales price $117,600 $48,000 Journalize all entries required to update depreciation and record the sales of the two assets in 2022. The company has recorded depreciation on the equipment through December 31, 2021. (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.)