E8-14 Recording the Disposal of an Asset at Three Different Sale Prices Marriott International is a worldwide operator and franchisor of hotels and related lodging facilities totaling over $1.1 billion in property and equipment. It also develops, operates, and markets time-share properties totaling nearly $2 billion. Assume that Marriott replaced furniture that had been used in the business for five years. The records of the company reflected the following regarding the sale of the existing furniture. Required: 1. Prepare the joumal entry for the disposal of the furniture, assuming that it was sold for: a. $300,000cash b. $900,000 cash c. $100,000 cash