Presented below are selected transactions for the Cullumber Company for 2023. Jan. 1 Retired a piece of equipment that was purchased on January 1, 2013. The equipment cost $75,000 on that date and had a useful life of 10 years with no salvage value. April 30 Sold equipment for $38,000 that was purchased on January 1, 2020. The equipment cost $105,000 and had a useful life of 5 years with no salvage value. Dec. 31 Discarded equipment that was purchased on June 30, 2019. The equipment cost $42,000 and was depreciated on a 5-year useful life with a salvage value of $2,000. Journalize all entries required as a result of the above transactions. Cullumber Company uses the straight-line method of depreciation and has recorded depreciation through December 31, 2022. (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 Debit Credit Jan. 1 enter an account title to record the transaction on January 1 Accumulated Depreciation-Equipment enter a debit amount 75000 enter a credit amount enter an account title to record the transaction on January 1 Equipment enter a debit amount enter a credit amount 75000 April 30 enter an account title to record depreciation on April 30 Depreciation Expense enter a debit amount enter a credit amount enter an account title to record depreciation on April 30 Accumulated Depreciation-Equipment enter a debit amount enter a credit amount (To record depreciation) enter an account title to record sale of equipment on April 30 Cash enter a debit amount 38000 enter a credit amount enter an account title to record sale of equipment on April 30 Accumulated Depreciation-Equipment enter a debit amount enter a credit amount enter an account title to record sale of equipment on April 30 Gain on Disposal of Plant Assets enter a debit amount enter a credit amount enter an account title to record sale of equipment on April 30 Equipment enter a debit amount enter a credit amount 105000 (To record sale of equipment) Dec. 31 enter an account title to record depreciation on December 31 Depreciation Expense enter a debit amount enter a credit amount enter an account title to record depreciation on December 31 Accumulated Depreciation-Equipment enter a debit amount enter a credit amount (To record depreciation) enter an account title to record sale of equipment on December 31 Accumulated Depreciation-Equipment enter a debit amount enter a credit amount enter an account title to record sale of equipment on December 31 Loss on Disposal of Plant Assets enter a debit amount enter a credit amount enter an account title to record sale of equipment on December 31 Equipment enter a debit amount enter a credit amount 42000 (To record sale of equipment)