Sheridan Company purchased a warehouse on January 1, 2019, for $440,000. At the time of purchase, Sheridan anticipated that the warehouse would be used to facilitate the expansion of its product lines. The warehouse is being depreciated over 20 years and is expected to have a residual value of $55,000. At the beginning of 2024, the company decided that the warehouse would no longer be used and should be sold for its carrying amount. At the end of 2024 , the warehouse still had not been sold, and its net realizable vafue was estimated to be only $286,000 (a) Calculate the carrying amount of the warehouse on January 1, 2024. Prepare all the journal entries that Sheridan should make during 2024 related to the warehouse. (Credit occount titles are outomatically 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. List debit entry before credit entry.) If Conservative sells the warehouse in 2025 for $242,000, what entry would be made for the sale? (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. List all debit entries before credit entries.)