Wildhorse Company purchased equipment in $2026$ for $$112,000$ and estimated an $$8,800$ salvage value at the end of the equipment's $10-$year useful life. At December $31,2027,$ there was $$20,640$ in the Accumulated Depreciation account for this equipment using the straight$-$line method of depreciation. On March $31,2028,$ the equipment was sold for $$22,440.$

Prepare the appropriate journal entries to remove the equipment from the books of Wildhorse Company on March $31,2028.($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 $0$ for the amounts. List all debit entries before credit entries.$)$

No$.$ Account Titles and Explanation

Debit

Credit

$1.$

$($To record depreciation expense for the first $3$ months of $2028)$

$2.$