The following are independent situations. (a) Blossom company purchased equipment for $260,000. The equipment had a 10-year useful life and an $20,000 salvage value. At December 31,2021 , there was $168,000 in the Accumulated Depreciation account for this equipment using the straight-line method of depreciation. On March 31, 2022, the equipment was sold for $52,500. Prepare the appropriate journal entries to remove the equipment from the books of Blossom Company on March 31, 2022. (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 occount titles and enter O for the amounts.)