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The balance sheets of Tully Corp. showed the following at December 31, 2017, and 2016:

	December 31, 2017			December 31, 2016
Equipment, less accumulated depreciation of $92,400 at December 31, 2017, and $57,750 at December 31, 2016.	$	70,400		$	105,050
c-2. Assume that the equipment is sold on December 31, 2017, for $57,500. Record the journal entry for sale of the equipment. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)