A company purchased equipment on January 1, 2015 for $95,000. The estimated useful life was 7 years, and the salvage value was $4,000. The company uses the straight-line method of

depreciation. If the company sold the equipment on April 1, 2018, for $55,000 the journal entry to record the sale of the equipment would include a:

	A	credit to equipment for $52,750
	B	credit to gain for $2,250
	C	debit to accumulated depreciation for $44,107
	D	debit to loss for $1,000
	E	credit to gain for $12,750