Question 12 of 12 C > -/1 View Policies Current Attempt in Progress Here are selected 2022 transactions of Crane Corporation Jan 1 Retired a piece of equipment that was purchased on January 1, 2012. The equipment cost $110.000 and had a useful life of 10 years with no salvage Value June 30 Sold equipment that was purchased on January 1, 2020. The equipment cost $156,000 and had a useful life of 3 years with no salvage value. The equipment was sold for $18.000 cash, Sold equipment for $25,000 cash. The equipment cout 586,000 when it was purchased on January 1, 2019 and was depreciated based on a Svear useful life with a 56.000 salvage value Dec 31 Journalire all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable Crane Corporation uses straight-line depreciation (Credit account titles are automatically indented when the amount is entered. Do not indent manual. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem) Date Account Titles and Explanation Debit Credit De C To do Te records