(6 Points) Reload Equipment Inc. purchased a machine on January 1, 2020 for $80,000. Reload planned to depreciate the equipment over seven years using straight-line depreciation and a $10,000 residual value. On July 1, 2023 Reload sold the equipment for $38,000 cash. Reload uses months in service for partial year depreciation. Provide the journal entry that Reload would make to record the sale. (Potentially useful accounts include; equipment, accumulated depreciation, cash, gain on sale, loss on sale)