Waterway Company shows the following entries in its Equipment account for $2026.$ All amounts are based on historical cost.

$\backslash$table$[[$Equipment$],[2026,,,2026,,],[$Jan$.1,$Balance,$136,600,$June $30,$Cost of equipment sold,$25,060],[$Aug$.10,$Purchases,$31,530,,($purchased prior to $2026),],[12,$Freight on equipment purchased,$710,,,],[25,$Installation costs,$2,850,,,],[$Nov$.10,$Repairs,$510,,$s$,]]$

$($a$)$

Prepare correcting entry if necessary. $($If no entry is required, select $"$No entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry.$)$