Question 5 of 6 < > 0.5/11 Flounder Corporation owns machinery that cost $33.200 when purchased on January 1, 2023, Depreciation has been recorded at a rate of $4,980 per year, resulting in a balance in accumulated depreciation of $9.960 at December 31, 2024. The machinery is sold on September 1, 2025, for $21.720. (a) Your answer is correct. Prepare the journal entry to update depreciation for 2025. (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 List debit entry before credit entry) Date Account Titles and Explanation September 1, 2025 Depreciation Experne Accumulated Depreciation Machinery O Search Debit 3020 Credit