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On July 1, 2014, Wildhorse Enterprises sold equipment with an original cost of $111,300 for $43,900. The equipment was purchased January 1, 2011, and was depreciated using the straight-line method over a five-year useful life with a $12,200 salvage value. Prepare the journal entry to record the sale of the equipment. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Oriole Deliveries acquired a truck at a cost of $70,400 on January 1, 2014. The truck is expected to have a salvage value of $8,800 at the end of its 4-year useful life. Oriole uses the straight-line method. Prepare the journal entry to record annual depreciation for 2015. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation Equipment 70400 Accumulated Depreciation-Equipment 8800