Sunland Company shows the following entries in its Equipment account for $2026.$ All amounts are based on historical cost.

$\backslash$table$[[,,,,,],[2026,,2026,,,],[$Jan$.1,$Balance,$135,700,$June $30,$Cost of equipment sold,$22,400],[$Aug$.10,$Purchases,$30,340,,($purchased prior to $2026),],[12,$Freight on equipment purchased,$740,,,],[25,$Installation costs,$2,470,,,],[$Nov$.10,$Repairs,$490,,,],[,,,,,]]$

$($a$)$

Prepare correcting entry if necessary. $($If no entry is required, select $"$No entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry.$)$

Account Titles and Explanation

Debit

Credit