Pryce Company owns equipment that cost $62,500 when purchased on January 1, 2019. It has been depreciated using the straight-line method based based on an estimated salvage value of $5,000 and an estimated useful life of 5 years. The Company has decided to dispose of the equipment on January 1, 2022 when the Accumulated Depreciation was $34,500. INSTRUCTIONS: Prepare the necessary journal entries in good form to record the disposal of the equipment in these three INDEPENDENT situations. Indicate the journal entry with the appropriate letter. QUESTION 26 a) Discarded the equipment on January 1, 2022. b) Sold the equipment for $29,500 on January 1, 2022. c) Sold for $10,400 on January 1, 2022