Skysong Corporation owns machinery that cost $28,000 when purchased on July 1, 2017. Depreciation has been recorded at a rate of $3,360 per year, resulting in a balance in accumulated depreciation of $11.760 at December 31, 2020. The machinery is sold on September 1, 2021, for $7.280. Prepare journal entries to (a) update depreciation for 2021 and (b) record the sale. (Round answers to decimal places, eg. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) No. Account Titles and Explanation Debit Credit (a) Depreciation Expense 2240 Accumulated Depreciation-Machinery 2240 (b) Cash 11.760 Accumulated Depreciation Machinery 14000 loss 28,000 Machinery 600