The following are some transactions of Wildhorse Company for 2021. Wildhorse Company uses straight-line depreciation and has a December 31 year end. Apr. 1 July 30 Retired a piece of equipment that was purchased on January 1, 2012, for $50,000. The equipment had an expected useful life of 10 years with no residual value Sold equipment for $1,300 cash. The equipment was purchased on January 3, 2019, for $ 13,680 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 $ 34,800. The estimated useful life waseight years and the estimated residual value was $ 6,000. The fair value of theold vehicle was $8,500 on November 1, 2021. Nov 1 For each of these disposals, prepare a journal entry to record depreciation from January 1, 2021, to the date of disposal, if required. (Creditocowit fides are automatically indented when the amount is entered Do not indent manually. If no entry is required select "No Entry" for the account ides and enter for the amounts. Recordjournal entries in the order presented in the problem. Date Account Titles and Explanation Debit Credit pr. 1 Depreciation Expense 1250 Accumulated Depreciation - Equipment 1 [To record depreciation expense) uly 30 V Depreciation Expense 2880 Accumulated Depreciation - Equiprrent 2 [To record depreciation expense.) lov. 1 Depreciation Expense Accumulated Depreclation - Vehkles [To record depreciation expense) e Textbook and Media List of Accounts Record the disposals (Credit coowit tites are automatically indented when the amount is entered Do not indent many If no enty is required select "No Erboy" for the accowit titles ardenter for the amounts.! Date Account Titles and Explanation Debit Credit Apr. 1 Accumulated Depreciation - Equipment Loss on Oksposal Equipment [To record disposal of equipment.) July 30 Accumulated Depreciation - Equipment Loss on oposal Equipment [To record disposal of equipment.) July Accumulated Depreciation - Equipment 30 Loss on Disposal [To record disposal of equipment.) Nov. 1 [To record disposal of equipment.)