Presented below are selected transactions for the Sandhill Company for 2023.

Jan.		1		Retired a piece of equipment that was purchased on January 1, 2013. The equipment cost $127,500 on that date and had a useful life of 10 years with no salvage value.
April		30		Sold equipment for $64,600 that was purchased on January 1, 2020. The equipment cost $178,500 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 $71,400 and was depreciated on a 5-year useful life with a salvage value of $3,400.

Journalize all entries required as a result of the above transactions. Sandhill 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.)

Jan. April Dec. 1 30 31 Retired a piece of equipment that was purchased on January 1, 2013. The equipment cost $127,500 on that date and had a useful life of 10 years with no salvage value. Sold equipment for $64,600 that was purchased on January 1, 2020. The equipment cost $178,500 and had a useful life of 5 years with no salvage value. Discarded equipment that was purchased on June 30, 2019. The equipment cost $71,400 and was depreciated on a 5-year useful life with a salvage value of $3,400. Journalize all entries required as a result of the above transactions. Sandhill 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 tities and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 Accumulated Depreciation Equipment Equipment IT T April 30 Depreciation Expense Depreciation Expense Accumulated Depreciation-Equipment (To record depreciation) 6375 Cash Accumulated Depreciation-Equipment T Equipment 178500 91587.5 Gain on Disposal of Plant Assets (To record sale of equipment) Dec. 31 Depreciation Expense P 3600 Accumulated Depreciation Equipment (To record depreciation) Accumulated Depreciation-Equipment Loss on Disposal of Plant Assets 68000 woment 71400 Equipment (To record sale of equipment)