Crane Company owns equipment that cost $107,000 when purchased on January 2, 2021. It has been depreciated using the straight-line method based on estimated residual value of $5,000 and an estimated useful life of five years. Following are the four independent situations. Prepare Crane Company's journal entry to record the sale of the equipment for $47.900 on January 2, 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Jan. 2 Cash 47900 Accumulated Depreciation Equipment 61200 Gain on Disposal 2100 Equipment 107000 To record disposal of equipment) Prepare Crane Company's journal entry to record the sale of the equipment for $47.900 on May 1, 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation May 1 Debit Credit (To record disposal of equipment.) e Textbook and Media List of Accounts Prepare Crane Company's journal entry to record the sale of the equipment for $28,500 on January 2, 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Jan. 2 Debit Credit (To record disposal of equipment.) eTextbook and Media List of Accounts Prepare Crane Company's journal entry to record the sale of the equipment for $28,500 on October 1, 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Oct. 1 (To record disposal of equipment.) e Textbook and Media List of Accounts