Paragraph Styles Arma Ltd. sells equipment on September 30, 2017, for £20,000 cash. The equipment originally cost SNVVANAPUN £72,000 and as of January 1, 2017, had accumulated depreciation of £42,000. Depreciation for the first 9 months of 2017 is £4,800. Prepare the journal entries to (a) update depreciation to September 30, 2017, and (b) record the sale of the equipment.