SOURCES(c) ent #4 4 2018) On September 30, 2020, Sustco Ltd. purchased a piece of equipment for $19,000. At the time, management determined that the equipment would have a residual value of $3,000 at the end of its five-year life. Sustco has a December 31 year end and uses the straight-line depreciation method. Sustco ended up selling the piece of equipment on June 30, 2022, for $11,500. (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.) Date Account Titles and Explanation Debit Credit Sept. 30, 2020 by Dec. 31, 2020 Dec. 31, 2021 Jun. 30, 2022 To record depreciation expense) Jun. 30, 2027 To record sale of equipment)