3 Question 22 Gaston owns equipment that cost $90,500 with accumulated depreciation of $61.000, Gaston sells the equipment for $33,000. Which of the following would not be part of the journal entry to record the disposal of the equipment? Credit Gain on Disposal of Equipment $3,500. Debit Loss on Disposal of Equipment $3,500. Debit Accumulated Depreciation $61,000. Debit Cash $26,000. Credit Equipment $90,500