Sandhill Company sells equipment on March 31, 2021, for $33,480 cash. The equipment was purchased on January 5, 2018, at a cost of $83,000, and had an estimated useful life of five years and a residual value of $2,700. Sandhill Company uses straight-line depreciation for equipment. Adjusting journal entries are made annually at the company's year end, December 31. Prepare the journal entry to update depreciation to March 31, 2021. (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 O for the amounts.) Account Titles and Explanation Debit Credit Date Mar. 31 (To record depreciation expense.) Prepare the journal entry to record the sale of the equipment. (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 Ofor the amounts.) Account Titles and Explanation Debit Credit Date Mar. 31 (To record disposal of equipment.) Prepare the journal entry to record the sale of the equipment if Sandhill Company received $26,805 cash for it. (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 O for the amounts.) Account Titles and Explanation Debit Credit Date Mar. 31 (To record disposal of equipment.)