Picksy Company owns equipment that cost $38,250 when purchased on 1 January 2009. It has been depreciated using the straight-line method based on estimated salvage value of $7,500 and an estimated useful life of 5 years. Prepare Picksy Company's journal entries to record the sale of the equipment for $27,810 on 31 December 2012. Assume that all depreciation for 2012 has already been recorded.