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Prepare the journal entries to record the following transactions for Crane Company, which has a calendar year end and uses the straight-line method of depreciation. On September 30, 2022, the company sold old equipment for $78,200. The equipment was purchased on January 1,2020 , for $163,200 and was estimated to have a $27,200 salvage value at the end of its 5-year life. Depreciation on the equipment has been recorded through December 31, 2021. (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 occount titles and enter Of for the amountc) late aer 30 On June 30,2022 , the company sold old equipment for $40,800. The equipment originally cost $61,200 and had accumulated depreciation to the date of disposal of $25,500. (Credit account tities 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 O for the amounts.)