Assume that Hardy Corporation's comparative balance sheet reported these amounts: (Click on the icon to view the amounts.) Requirement 1. Assume that on January 1, 2018, Hardy sold one-half of its plant and equipment for $239,500 in cash. Journalize this transaction for Hardy. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Date Debit Credit Jan 1 Cash Accumulated depreciation, plant and equipment Gain on sale of assets Plant and equipment i Data Table X December 31 Plant and equipment Less: Accumulated depreciation Net plant and equipment. 2017 2016 600,000 $ 590,000 145,000 135,000 455,000 $ 455,000 click Check Answer. ? Check