Shula Company had the following transactions in Year $3$:

July $31$Sold a delivery truck for $$25,000$ cash. The delivery truck originally cost $$57,000$ and had accumulated depreciation of $$19,000$ on December $31,$ Year $2.$ Depreciation is calculated on a declining$-$balance basis using a rate of $30\%.$

August $31$Equipment with a $4-$year useful life was purchased on January $1,$ Year $1,$ for $$15,000$ and was sold for $$9,000.$ The equipment had been depreciated using the straight$-$line method with an estimated residual value of $$3,000.$ Depreciation expense was last recorded on December $31,$ Year $2.$

Required

Prepare the appropriate journal entries based on the details provided. Use months re your depreciation expense calculations. Please leave one empty row between each journal entry.