Giolito Company sells equipment on August 31,2025 , for \(\$ 20,000\) cash. The equipment originally cost \(\$ 60,000\) and as of January 1,2025 , had accumulated depreciation of \(\$ 38,000\). Depreciation for the first 8 months of 2025 is \(\$ 6,000\). Prepare the journal entries to

(a) update depreciation to August 31, 2025, and

(b) record the sale of the equipment.