Amachine costing $75,000 is purchased on September 1, Year 1. The machine is estimated to haveys salvage value of $10,000 and an estimated useful life of 4 years. Double dedining balance deprecation is coed if the machine is sold on December 31, Year 3 for $1000 the journal entry to record the sale will indude O Adebts less on sale for $2.825 O Acredito gain on sale for $1000 OA credit to gain on sale for $4,979 O Ared to accumulated deprecation for $5275 O Adebt to ja on sale for $1,042