D Question 19 8 pts Prepare the journal entry recorded by Cold Stone Creamery on 3/31/20 for the sale of the ice cream equipment below: Date Account Debit Credit $60,000 3/31/20 Cash Gain on sale of equipment $60,000 Cash $1000 Accumulated Depreciation $31,500 Cold Stone Creamery originally purchased ice cream equipment on 1/1/18 for $85,000. The equipment had an estimated life of 5 years, with an estimated salvage value of $15.000. On March 31, 2020, Cold Stone sold the ice cream equipment for $60,000. The company has been using the straight-line method of depreciation. Use the text boxes in the questions below to show your work and answer the following questions