urrent Attempt in Progress

Crane Company sells equipment on March $31,2024,$ for $$33,590$ cash. The equipment was purchased on January $5,2021,$ at a cost of $$82,000,$ and had an estimated useful life of five years and a residual value of $$3,100.$ Crane Company uses straight$-$line depreciation for equipment. Adjusting journal entries are made annually at the company's year end, December $31.$ prepare journal entry to update dep to march $312024$