Equipment was purchased for $$37,000$ on January $1,2024.$ The equipment's estimated useful life was five years, and its residual value was $$3,000.$ The double $-$ declining $-$ balance method of depreciation was used. What is the journal entry to record the sale of the equipment for $$42,000$ on January $3,2025?$

A$.$ Equipment

Accumulated Depreciation $-$ Equipment

Gain on Disposal

Cash

B$.$ Cash

Accumulated Depreciation $-$ Equipment

Gain on Disposal

Equipment

C$.$

Cash

Accumulated Depreciation $-$ Equipment

Gain on Disposal

Equipment

D$.$

$\backslash$table$[[$Equipment$,42,000],[$Accumulated Depreciation $-$ Equipment,$10,200],[$Gain on Disposal,$15,200],[$Cash$,37,000]]$