Wildhorse Company purchased equipment in 2020 for $176,800 and estimated an $13,600 salvage value at the end of the equipment's 10-year useful life. At December 31, 2021, there was $114,240 in the Accumulated Depreciation account for this equipment using the straight-line method of depreciation. On March 31, 2022, the equipment was sold for $35,700. Prepare the appropriate journal entries to remove the equipment from the books of Wildhorse Company on March 31, 2022. (