The following are some transactions of Sandhill Company for 2021. Sandhill Company uses straight-line depreciation and has a December 31 year end. Apr. 1 July 30 Nov. 1 Retired a piece of equipment that was purchased on January 1, 2012, for $47,000. The equipment had an expected useful life of 10 years with no residual value. Sold equipment for $1,200 cash. The equipment was purchased on January 3, 2019, for $14,040 and was depreciated over an expected useful life of three years with no residual value. 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, 2015, at a cost of $34,500. The estimated useful life was eight years and the estimated residual value was $6,900. The fair value of the old vehicle was $9,000 on November 1, 2021. Your answer is incorrect. For each of these disposals, prepare a journal entry to record depreciation from January 1, 2021, to the date of disposal, if required. (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 account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Your answer is partially correct. Record the disposals. (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 account titles and enter O for the amounts.) Date Account Titles and Explanation Apr. 1 Accumulated Depreciation - Equipment Loss on Disposal Equipment (To record disposal of equipment.) July 30 Cash Debit 1200 Accumulated Depreciation - Equipment 9360 Cash Equipment (To record disposal of equipment.) Nov. 1 Vehicles Accumulated Depreciation - Vehicles 47000 Credit 47000 14040 3480