Question 2 Flint Corporation owns machinery that cost $28,400 when purchased on July 1, 2014. Depreciation has been recorded at a rate of $3,408 per year, resulting in a balance in accumulated depreciation of $11,928 at December 31, 2017. The machinery is sold on September 1, 2018, for $7,384. pare journal entries to (a) update depreciation for 2018 and (b) record the sale. (Round answers to O decimal places, eg, S275. dit account titles automatically indented when 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.) No. Account Titles and Explanation Debit Credit