Prepare the journal entries to record the following transactions for Sunland Company, which has a calendar year end and uses the straight-line method of del On September 30, 2022, the company sold old equipment for $55,200. The equipment was purchased on January 1, 2020, for $115,200 and was estimated to value at the end of its 5-year life. Depreciation on the equipment has been recorded through December 31, 2021. (Credit accountitles are automatically indente entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit September 30, 2022 (To record depreciation expense for the first 9 months of 2022) To record sale of delivery equipment) Prepare the journal entries to record the following transactions for Sunland Company, which has a calendar year end and uses the straight-line method of del On September 30, 2022, the company sold old equipment for $55,200. The equipment was purchased on January 1, 2020, for $115,200 and was estimated to value at the end of its 5-year life. Depreciation on the equipment has been recorded through December 31, 2021. (Credit accountitles are automatically indente entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit September 30, 2022 (To record depreciation expense for the first 9 months of 2022) To record sale of delivery equipment)