emini Company sells equipment for $20,000 cash. The equipment has a historical ost of $80,000and accumulated depreciation of $55,000 What is the jounal entry to OA debit Cash for $20,000 and credit Gain on Sale of Equipment for $20,000 O B. debit Cash for $20,000, debit Accumulated Depreciation-Equipment for $55,000, debit Gain on $80,000. O C. debit Loss on Sale of Equipment for $5,000, debit Cash for $20,000, debit Accumulated O D. debit Cash for $20,000, debilt Accumulated Depreciation-Equipment for $5.000 and credt Equipment for $75,000. Depreciation-Equipment for $55,000 and credit Equipment for $80,000 for $55,000 and credit Equipment for