Sheridan Company owns equipment that cost $64,400 when purchased on January 1, 2016. It has been depreciated using the straight-line method based on an estimated salvage value of $3,500 and an estimated useful life of 5 years. Accumulated deprecation was last adjusted on December 31, 2018 Prepare Sheridan Company's journal entries to record the sale of the equipment in these four independent situations. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to O decimal places,eg.125. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (a) (b) (c) (d) Sold for $31,540 on January 1,2019. Sold for $31,540 on May 1, 2019 Sold for $10,200 on January 1,2019. Sold for $10,200 on October 1,2019. No. Account Titles and Explanation Debit Credit (To record depreciation) To record sale of equipment) (To record sale of equipment) (To record depreciation) To record sale of equipment)