View Policies Current Attempt in Progress Sheridan Company sold the following two pieces of equipment in 2022: Equipment A $162,400 Equipment B $88,200 Cost Purchase date 7/1/18 1/1/19 Useful life 5 years $4,200 8 years $5,600 Straight-line 7/1/22 $68,600 Salvage value Depreciation method Date sold Sales price Straight-line 9/1/22 $28,000 Journalize all entries required to update depreciation and record the sales of the two assets in 2022. The company has recorded depreciation on the equipment through December 31, 2021. (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 for the amounts.) Equipment A