3. Counselors of Douglasville purchased equipment on January 1 2017 for $45.500 Counson Suppose Counselors of Douglas sold the equipment for 528 06 December 31 2018 Journalize the sale of the equipment assuming straight line depreciation was used Douglasvile expected the in the g rant y man to last for five years and have a residual value of 5500 Assume depreciation for 2018 has been recorded rest calculate any gain or loss on the disposal of the equpment! Mood