Sandhill Company Ltd. shows the following entries in its Equipment account for 2020. All amounts are based on historical cost. Equipment 1/1 Balance 144,000 6/30 Cost of equipment sold (purchased prior to 2020) 25,000 8/10 Purchases of equipment 34,000 8/12 Freight on equipment purchased 700 8/25 Installation costs 2,900 11/10 Repairs 535 Prepare any necessary correcting entries. (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 0 for the amounts.) Account Titles and Explanation Debit Credit