Assume that Henry Corporation's comparative balance sheet reported these amounts: (Click on the icon to view the amounts.) Requirement 1. Assume that on January 1, 2018, Henry sold one-fifth of its plant and equipment for $107,000 in cash. Journalize this transaction for Henry. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit Data table Jan 1 December 31 2017 2016 Plant and equipment... $ Less: Accumulated depreciation 170,000 605,000 $ 586,000 145,000 Net plant and equipment $ 435,000 $ 441,000 Print Done