The following are independent situations. Faster Company purchased equipment in 2015 for $104,000 and estimated an $8,000 salvage value at the end of the equipment's 10-year useful life. At December 31, 2021, there was $67,200 in the Accumulated Depreciation account for this equipment using the straight-line method of depreciation. On March 31, 2022, the equipment was sold for $21,000. Indicate the accounts increased/decreased to remove the equipment from the records of Faster Company on March 31, 2022. Amount Increase/Decrease No. Account Titles and Explanation v $ 1. v $ (To record depreciation expense for the first 3 months of 2014) $ 2