Exercise 245 Presented below are selected transactions for the Crane Company for 2023. Jan April Dec. 1 30 31 Retired a piece of equipment that was purchased on January 1, 2013. The equipment cost $67,500 on that date and had a useful life of 10 years with no salvage value Sold equipment for $34,200 that was purchased on January 1, 2020. The equipment cost $94,500 and had a useful life of 5 years with no salvage value Discarded equipment that was purchased on June 30, 2019. The equipment cost $37,800 and was deprecated on a 5-year useful life with a salvage value of $1,800. Journalize all entries required as a result of the above transactions. Crane Company uses the straight line method of depreciation and has recorded depreciation through December 31, 2022 manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Credit Debit 67500 Jan. 1 Accumulated Depreciation Equipment Equipment 67500 Apni 30 Depreciation Expense 9450 9450 Accumulated Depreciation Equipment (To record depreciation) Cash 34200 Accumulated Depreciation Equipment Gain on Disposal of Plant Assets Equipment (To record sale of equipment) Dec 31 Depreciation Expense Accumulated Depreciation Equipment To record deprecation) Accumulated Depreciation Equipment Loss on Disposal of plant Assets Equipment