Ottawa Corporation owns machinery that cost $29,400 when purchased on January 1, 2007. Depreciation has been recorded at a rate of $3,528 per year, resulting in a balance in accumulated depreciation of $14,112 at December 31, 2010. The machinery is sold on September 1, 2011, for $15,435. Prepare journal entries to (a) update depreciation for 2011 and (b) record the sale. (List multiple debit/credit entries from largest to smallest amount, e.g. 10, 5, 2.