Forgetta Manufacturing has old equipment that cost $48,000. The

Forgetta Manufacturing has old equipment that cost $48,000. The equipment has accumulated depreciation of $28,000 and a fair value of $26,000. Forgetta has decided to sell the equipment.
(a) What entry would Forgetta make to record the sale of the equipment for $26,000 cash?
(b) What entry would Forgetta make to record the sale of the equipment for $15,000 cash?