3. Counselors of Griffin purchased equipment on January 1, 2023, for 534,000 Counselors of Grifin expected the equipment to last for six years and have a rental value of $1,000 Suppose Counselors of Cellin sold the equipment for S21,000 on December 1, 2025. after using the equipment for three full years Asume depreciation for 2025 has been recorded Journalize the sale of the equipment, asuming the depredation was used First, calculate any gain or loss on the disposal of the equipment Market value of assets received Less Book value of asset disposed of Cast Lens Accumulated Depreciation Gainer) Now numele the sale of the equipment. Record debts in the credin Select the explanation on the last of the journal entry table Date Accounts and Explanation Debit Credit Dec 31