Challenge Question The information below is from Petroni's Pizza financial statements: Balance Sheet: Equipment Less: Accumulated Depreciation Net Book Value 2019 $135,000 (30,000) 105,000 2018 $125,000 (25,000) 100,00 Income Statement: Depreciation Expense Gain on sale of equipment 12,000 15,000 14,000 In 2019, Petroni's Pizza sold a piece of equipment for $24,000 and spent $30,000 buying new equipment. Reconstruct the entry to record the sale of the equipment in 2019. 168