3. Counselors of Savannah purchased equipment on January 1, 2023, for $49,000. Counselors of Savannah expected the equipment to last for six years and have a residual value of $1,000. Suppose Counselors of Savannah sold the equipment for $12,500 on December 31, 2027, after using the equipment for five full years. Assume depreciation for 2027 has been recorded. Journalize the sale of the equipment, assuming straight-line depreciation was used. "rioiridinha ain inioondem gin wn ooni in wof Ktro grompun tout