Prepare the journal entries to record the following transactions for Sandhill Company, which has a calendar year end and uses the straight-line method of depreciation. (a) On September 30, 2022, the company sold old equipment for $64,400. The equipment was purchased on January 1, 2020, for $134,400 and was estimated to have a $22.400 salvage value at the end of its 5-year life. Depreciation on the equipment has been recorded 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 0 for the amounts.) Date Account Titles and Explanation nber 30, 2022 4 Tored dervariation ovnense for the first 9 months Debit Credit