Record disposal by sale.

BE$9\mathrm{.}14($LO $4)$ AP Video Wilbur Company sells equipment on March $31,2024,$ for $$35,000$ cash. The equipment was purchased on January $5,2021,$ at a cost of $$8$ estimated useful life of five years and a residual value of $$2,200.$ Wilbur Company uses straight$-$line depreciation for equipment. Adjusting journal entries are made anr company's year end, December $31.$ Prepare the journal entries to $($a$)$ update depreciation to March $31,2024,($b$)$ record the sale of the equipment, and $($c$)$ record the sale Wilbur Company received $$29,000$ cash for it$.$