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. No. Account Titles and Explanation Increase/Decrease Amount 1. enter an account title to record depreciation expense for the first 3 months of 2014 select an option $enter a dollar amount enter an account title to record depreciation expense for the first 3 months of 2014 select an option $enter a dollar amount (To record depreciation expense for the first 3 months of 2014) 2. enter an account title to record sale of equipment select an option $enter a dollar amount enter an account title to record sale of equipment select an option $enter a dollar amount enter an account title to record sale of equipment select an option $enter a dollar amount enter an account title to record sale of equipment select an option $enter a dollar amount (To record sale of equipment) eTextbook and Media List of Accounts Lewis Company sold equipment for $11,000. The equipment originally cost $25,000 in 2019 and $6,000 was spent on a major overhaul in 2022 (charged to the Equipment account). Accumulated Depreciation on the equipment to the date of disposal was $20,000. Indicate the accounts increased/decreased to record the disposition of the equipment. Account Titles Increase/Decrease Amount enter an account title select an option $enter a dollar amount enter an account title select an option $enter a dollar amount enter an account title select an option $enter a dollar amount