Stanley Company reported the following information regarding its equipment:
Account Amount
Equipment, Jan. 1, 2011 .................. $745,120
Equipment, Dec. 31, 2011 ................ 831,410
Accumulated depreciation, Jan. 1, 2011 ............ 224,350
Accumulated depreciation, Dec. 31, 2011 ........... 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 2011?
2. What journal entry did Stanley make to record the disposal of the equipment?