$($a$)$

On January $1,2025,$ Sheffield Inc. sold computer equipment to Sage Hill Co$.$ The sales price of the equipment was $$525,000$ and

its carrying amount is $$413,000.$ Record any journal entries necessary for Sheffield from the sale of the computer equipment in

$($List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not

indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Round answers to $2$ decimal

places, e$.$g$.5,275\mathrm{.}25.)$