Equipment with an estimated residual value at acquisition of $15,000 was sold on December 31, 2013, for $20,000 cash. The following data were available at the time of sale:

Acquisition cost	$100,000
Accumulated depreciation on December 31, 2013, after adjustment	85,000

When this transaction is recorded, it should include a

		credit of $5,000 to the Gain on Disposal account.
		debit of $80,000 to the Loss on Disposal account.
		debit of $20,000 to the Accumulated Depreciation account.
		credit of $20,000 to the Equipment account.