Sunland Corporation would like to purchase a new truck but the dealer will not accept Sunland's old truck as a trade$-$in on purchase. Sunland looked up the value of its old truck on Auto Trader and found that it had a fair value of $$15,000.$ After recording depreclation on the old truck to the date of sale, Sunland sold its used truck for $$14,020$ cash. The carrying amount of the old truck is $$17,390$ and it was originally purchased for $$37,600.$

Prepare the appropriate journal entry for the disposal of the truck. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually, List all debit entries before credit entries. If no entry is required, select $"$No Entry" for the account titles cnd$.$ enter of for the amounts.$)$

Account Titles and Explanation

Debit

Credit