Wildhorse Company owns equipment that cost $76,000 when purchased on January 1, 2019. It has been depreciated using the straight-line method based on an estimated salvage value of $16,000 and an estimated useful life of 5 years. Prepare Wildhorse Company's journal entries to record the sale of the equipment in these four independent situations. (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 $42,000 on January 1, 2022. (b) Sold for $42,000 on May 1, 2022. (c) Sold for $18,000 on January 1, 2022. (d) Sold for $18,000 on October 1, 2022. No. Account Titles and Explanation (a) Cash Accumulated Depreciation-Equipment Equipment Gain on Disposal of Plant Assets Debit 42000 66400 Credit 76000 2000