Volumetrics Corporation owns machinery that cost $20,000 when purchased on January 1, 2013. Depreciation has been recorded at a rate of $3,000 per year, resulting in a balance in accumulated depreciation of $6,000 at December 31, 2014. The machinery is sold on September 1, 2015, for $ 13,500. Prepare journal entries to
(a) Update depreciation for 2015 and
(b) Record the sale.