Question 6 A. Jewel Company purchased equipment in 2014 for $104,000 and estimated an $8,000 salvage value at the end of the equipment's 10-year useful life. At December 31, 2020, there was $67,200 in the Accumulated Depreciation account for this equipment using the straight-line method of depreciation. On May 1, 2021, the equipment was sold for $21,000. B. Brandy Company sold equipment for $12,000. The equipment originally cost $25,000 in 2017 and $7,000 was spent on a major overhaul in 2020 (charged to the Equipment account). Accumulated Depreciation on the equipment to the date of disposal was $20,000. Requirements: A) Prepare the appropriate journal entries to remove the equipment from the books of Jewel Company on May 1, 2021. B) Prepare the appropriate journal entry to record the disposition of the equipment.