Your answer is partially correct. Cullumber Company owns equipment that cost $ 64,000 when purchased on January 1, 2019. It has been depreciated using the straight-line method based on an estimated salvage value of $ 4,000 and an estimated useful life of 5 years. Prepare Cullumber 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 for the amounts) (a) Sold for $ 30,000 on January 1, 2022. (b) Sold for $ 30,000 on May 1, 2022. (c) Sold for $10,000 on January 1, 2022 (d) Sold for $ 10,000 on October 1, 2022. No. Account Titles and Explanation Debit Credit (a) Cash 30,000 Accumulated Depreciation Equipment 36,000 Equipment 64,000 Gain on Disposal of Plant Assets 2000 (6) No. Account Titles and Explanation Debit Credit (a) Cash 30,000 Accumulated Depreciation Equipment 36,000 Equipment 64,000 Gain on Disposal of Plant Assets 2,000 (b) (To record depreciation) Cash 30,000 Accumulated Depreciation Equipment 40,000 Equipment 64,000 Gain on Disposal of Plant Assets (Torecord sale of equipment) 6,000 @ Cash 10.000 Accumulated Depreciation Equipment 36,000 Loss on Disposal of Plant Assets 18.000 LI (To record sale of equipment) (c) Cash 10,000 Accumulated Depreciation Equipment 36,000 Loss on Disposal of Plant Assets 18,000 Equipment 64,000 (d) Depreciation Expense 9135 Accumulated Depreciation Equipment 9135 (To record depreciation) OULUN Cash 10,000 Accumulated Depreciation Equipment 45,000 Loss on Disposal of Plant Assets 9,000 Equipment 64,000 (To record sale of equipment)