The following are some transactions of Blossom Company for $2024.$ Blossom Company uses straight$-$line depreciation and has a December $31$ year end.

Apr. $1$ Retired a piece of equipment that was $4$ surchased on January $1,2015,$ for $$48,000.$ The equipment had an expected useful life of $10$ years with no residual value.

July $30$ Sold equipment for $$1,700$ cash. The equipment was purchased on January $3,2022,$ for $$13,320$ and was depreciated over an expected useful life of three years with no residual value.

Nov. $1$ Traded in an old vehicle for a new vehicle, receiving a $$10,000$ trade$-$in allowance and paying $$36,000$ cash. The old vehicle had been purchased on November $1,2018,$ at a cost of $$32,800.$ The estimated useful life was eight years and the estimated residual value was $$6,400.$ The fair value of the old vehicle was $$8,500$ on November $1,2024.$N