counselors of Mableton purchased equipment on January 1, 2015, for $44,000 Counselors of Mableton the equipment last for five years and have a residual value of $4000. Suppose counselors Mableton said the equipment for $29, 500 on December 2016, after using the equipment for two full years. Assume depreciation for 2016 has been recorded. Journalize the sale of the equipment, assuming straight-line depreciation was used. calculate any gain or loss on the disposal of the equipment. Now, the sale of the equipment. (Record debts first then credit: Select the explanation on the last one of the journal entry table.)