Prepare journal entries to record these transactions: (a) Rangel Company retires its delivery equipment, which cost $42,960. Accumulated depreciation is also $42,960 on this delivery equipment. No salvage value is received. (b) Rangel Company retires its delivery equipment, which cost $42,960. Accumulated depreciation for the equipment is $36,360 on this delivery equipment. No salvage value is received. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) (b)