Equipment was purchased for $32,000 on January 1,2025 . The equipment's estimated useful life was five (5) years, and its residual value was $1,500. The straight - line method of depreciation was used. What is the journal entry to record the sale of the equipment for $12,800 cash on January 3,2027 ? A. Cash Accumulated Depreciation - Equipment Loss on Disposal Equipment B. Cash Accumulated Depreciation - Equipment Gain on Disposal Equipment C. Cash Accumulated Depreciation - Equipment Loss on Disposal Equipment D. Equipment Accumulated Depreciation - Equipment Loss on Disposal Cash 12,800 12,200 7,000 32,000 12,800 26,200 12,800 6,100 13,100 32,000 12,200 32,000 7,000 32,000

please hurry