Below is information related to a piece of equipment that Jarrus Corp disposed of in 20X1.
	Original acquisition price	Accumulated depreciation	Expected useful life at acquisition (in years)	Expected salvage value	Disposal Price
	$ 850,582	$ 161,604	15	$ 42,562	$ 631,314
1)	Prepare the journal entry that Jarrus Corp would record on the sale of the equipment for $631,314 in cash. Be sure to use cell references to calculate your answer, and input all debit entries before credit entries. If a cell should not be used, then leave it blank.