Stanley Company reported the following information regarding its equipment:

Account ______________________________________ Amount

Equipment, Jan. 1, 2019 ..................................... $745,120

Equipment, Dec. 31, 2019 .................................... 831,410

Accumulated depreciation, Jan. 1, 2019 .................... 224,350

Accumulated depreciation, Dec. 31, 2019 .................. 257,690

Capital expenditures ........................................... 148,735

Accumulated depreciation on equipment sold .............. 50,320

Cash received for equipment sold ............................ 14,150

Required:

1. What journal entry did Stanley make to record depreciation expense for 2019?

2. What journal entry did Stanley make to record the disposal of the equipment?