Prepare the journal entries to record the following transactions for Reese Company, which has a calendar year end and uses the straight-line method of depreciation.(a)On September 30, 2010, the company sold old delivery equipment for $27,000. The delivery equipment was purchased on January 1, 2008, for $57,000 and was estimated to have a $12,000 salvage value at the end of its 5-year life. Depreciation on the delivery equipment has been recorded through December 31, 2009.(b)On June 30, 2010, the company sold old office equipment for $24,000. The office equipment originally cost $36,000 and had accumulated depreciation to the date of disposal of $15,000.