Vogel Manufacturing has a December 31 year end and uses the straight-line method for depreciating its equipment and the double- diminishing-balance method for its trucks. Vogel began 2021 with a single piece of equipment that had been purchased on January 1, 2020, for $271,000 and a truck that had been purchased on January 1, 2019, for $154,000. When the equipment was purchased, Vogel's management had estimated that it would have a residual value of $16,000 and a useful life of 5 years. When the truck was purchased, management determined that it would have a useful life of 4 years and a residual value of $29,000. On November 21, 2021, Vogel sold the piece of equipment for $162,250 cash. The company purchased replacement equipment on November 26 for $403,400 cash. Vogel's management determined that the new piece of equipment would have a useful life of 4 years and a residual value of $29,000. Prepare all necessary journal entries for the year ended 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 O for the amounts.) Date Nov. 21 Account Titles and Explanation > (To record depreciation expense) (To record sale of equipment) (To record depreciation expense on equipment) (To record depreciation expense on truck) Debit Credit