5. During January of 2024, the company sold $75,000 of the PP&E that it had on hand on December 31, 2023, for $80,000 cash. As of the date of sale, the PP&E had accumulated depreciation of $4750. what is the journal entry for this transaction?

During January of 2024 , the company sold $75,000 of the PP\&E that it had on hand on December 31,2023 , for $80,000 cash. As of the date of sale, the PP\&E had accumulated depreciation of $4,750