Vineyard Company Sold the Following Two Pieces of Equipment in 2014

Vineyard Company sold the following two pieces of equipment in 2014: $\begin{array}{lccc} & \text { \underline{\text{ Equipment A }} } & & \text { \underline{\text{Equipment B }} } \\\text { Cost } & \$ 116,000 & & \$ 63,000 \\\text { Purchase date } & 7 / 1 / 10 & & 1 / 1 / 11 \\\text { Useful life } & 8 \text { years } & & 5 \text { years } \\\text { Salvage value } & \$ 4,000 & & \$ 3,000 \\\text { Depreciation method } & \text { Straight-line } & & \text { Straight-line } \\\text { Date sold } & 7 / 1 / 14 & & 9 / 1 / 14 \\\text { Sales price } & \$ 49,000 & & \$ 20,000\end{array}$ Instructions
Journalize all entries required to update depreciation and record the sales of the two assets in 2014. The company has recorded depreciation on the equipment through December 31, 2013.