Sheridan Company sells equipment on July 31, 2022. for $20,320 cashThe office equipment originally cost $84,510 and as January 1, 2022, had accumulated depreciation of $41,710Depreciation for the first 7 months of 2022 is $3,670 Prepare the journal entries to (a) update depreciation to July 31, 2022and b) record the sale of the equipment.