Garcia Co. owns equipment that costs $78,800, with accumulated depreciation of $42,800. 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. $36,000 cash c. $26,000 cash If an amount box does not require an entry, leave it blank. A. Cash Accumulated Depreciation Gain on Sale of Equipment Equipment 47,000 43,800 X 78,800 X 12,000 X B. 0000000