Exercise 256 Karley Company sold equipment on July 1, 2021 for $75,000. The equipment had cost $210,000 and had $120,000 of accumulated depreciation as of January 1, 2021. Depreciation for the first 6 months of 2021 was $12,000. Prepare the journal entry to record the sale of the equipment. (Credit account titles are automatically indented when the amount is entened. Do not fent manually.) Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question Show Work