Vineyard Company sold the following two pieces of equipment in 2017: Cost Purchase date Useful life Salvage value Depreciation method Date sola Sales price Equipment A $116,000 7/1/13 8 years o $4,000 Straight-line 7/1/17 $49,000 Equipment B $63,000 1/1/20 5 years $3,000 Straight-line 9/1/17 $20,000 Instructions Indicate the accounts required to be increased/decreased to update depreciation and record the sales of the two assets in 2017. The company has recorded depreciation on the equipment through December 31 2016