Record disposal by sale. (SO 4) AP Record dienosal hy BE9-13 Mitra Company sells equipment on March 31, 2014, for $15,000 cash. The equipment was pur- chased on January 5, 2009, at a cost of $86,400, and had an estimated useful life of six years and a residual value of $2,200. Adjusting journal entries are made annually at the company's year end, December 31. Prepare the journal entries to (a) update depreciation to March 31, 2014, (b) record the sale of the equip- ment, and (c) record the sale of the equipment if Mitra Company received $9,000 cash for it. RF9-14 Subramanian Company has equipment with an original cost of $95,000 and, as at December 31,