The Murray Company purchased equipment on January 1, 2010, for $165,000 and estimated a $10,000 salvage value at the end of the equipment's 10-year useful life. At december 31,2013, there was $62,000 in the accumulated depreciation account for this equipment using the striaght-line method of depreciation. On March 31, 2014, the equipment was sold for $107,000.

Prepare the appropriate journal entired to remove the equipment from the books of Murray Company on March 31, 2014.

Date	Account	Debit	Credit