Prepare the necessary journal entries to record the following transactions in 2014 for the Whispering Winds. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Jan. 11		Discarded old store equipment that originally cost $27,500 and had a book value of $5,720 on the date of disposal. Depreciation on the equipment has already been recorded for the current year.
Mar. 6		Sold a delivery truck for $9,240. The delivery truck originally cost $58,300 and had accumulated depreciation of $50,600 on the date of sale. The depreciation on the truck has already been recorded for the current year.
Mar. 31		Straight-line depreciation is recorded for the first quarter of 2014 on equipment with a 4-year useful life that was purchased on January 1, 2012, for $30,140 with an estimated salvage value of $3,740.
May. 10		Incurred and paid for $616,000 of costs to develop a new patent. The patent has a legal life of 20 years.
Sept. 30		Paid the corporate attorney $70,800 to register the new patent (see May 10).
Nov. 1		Acquired RT Lily, a small parts company, for $341,000 cash. RT Lily had net assets totaling $968,000, net liabilities totaling $715,000.
Dec. 31		Recognized amortization for the last quarter of 2014.