3. ABC Company gathered the following data for the year ended December 31, 20X3, related to its equipment Accumulated Equipment Depreciation, Equipment $125,000$85,000 January 1, 20X3, balance Total debits to the account Total credits to the account December 31, 20X3, balance 75,000 66,000 52,000 96,000 Based on the above data, prepare the journal entry to record the sale of equipment during the year for $9,500 cash