Presented below are selected transactions for the Sheridan Company for 2023. Jan. 1 Retired a piece of equipment that was purchased on January 1,2013 . The equipment cost $187,500 on that date and had a useful life of 10 years with no salvage value. April 30 Sold equipment for $95,000 that was purchased on January 1,2020 . The equipment cost $262,500 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 $105,000 and was depreciated on a 5-year useful life with a salvage value of $5,000. Journalize all entries required as a result of the above transactions. Sheridan 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 O for the amounts.) April 30 (To record depreciation) (To record sale of equipment) Dec. 31 (To record depreciation) (To record sale of equipment)