Garcia Co. owns equipment that costs $77,300, with accumulated depreciation of $41,800, Garcia sells the equipment for cash. Record the journal entry for the sale of the equipment if Garcia were to sell the equipment for the following amounts: A. $47,000 cash B. $35,500 cash C. $27,000 cash If an amount box does not require an entry, leave it blank. A Cash 47.000 Accumulated Depreciation Correct Gain on sale of Equipment Equipment B. Cash Accumulated Depreciation Equipment Cash llll III D100 Accumulated Depreciation Loss on Sale of Equipment Equipment