Robert De Niro Company purchased truck at December 31, 2015 for $50,000 and estimated a $10,000 salvage value at the end of the equipment's 5-year useful life. At December 31, 2019, there was $42,000 in the Accumulated Depreciation account for this equipment using the straight-line method of depreciation. On 1 July, 2019, the equipment was sold for $1,000. Prepare the appropriate journal entries to remove the equipment from the books of DDF Company on 1 July, 2019.