Disposal of on Operating Asset Jolle Company owns equipment with a cost of $157,500 and accumulated depreciation of $55,125. Required: Prepare the journal entry to record the disposal of the equipment on April 9 assuming: 1. Jolie sold the equipment for $104,400 cash. If an amount box does not require an entry, leave it blank. 2. Jolie sold the equipment for $95,200 cash. If an amount box does not require an entry, leave it blank