Presented below are selected transactions for the Cardinal company for 2015

Record the jounal entries related to these events

Jan 1 Retired piece of equipment that was purchased Jan 1, 2005. The equipment cost 75,000 on that date and had a useful life of 10 yrs with no salvage value

April 30 Sold equipment for 38,000 that was purchased on Jan 1, 2012. The equip cost 105,000 and had useful life of 5 years with no salvage value

Dec 31 Recorded depreciation on equipment that was purchased on January 1, 2013. The equipment cost 42,000. Cardinal originally estimated a 5 year useful life and a 2000 salvage value. On Jan 1, 2015 they adjusted these estimates to a 6 year useful life with no salvage value. Assume depreciation is recorded annually