View Policies Current Attempt in Progress Sunland Company owns equipment that cost $75,400 when purchased on January 1, 2022. It has been depreciated using the straight- line method based on an estimated salvage value of $5,800 and an estimated useful life of 5 years. Prepare Sunland Company's journal entries to record the sale of the equipment in these four independent situations. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (a) Sold for $35,960 on January 1, 2025. (b) Sold for $35,960 on May 1, 2025. (c) Sold for $12,760 on January 1, 2025. (d) Sold for $12,760 on October 1, 2025.